About India International
Bullion Exchange (IIBX)
For centuries, traditions, festivals, and weddings have always driven India's bullion market. Yet, it lacked a formal, transparent, and globally integrated structure for trade.
To bridge this gap, the India International Bullion Exchange (IIBX) was established on July 29, 2022, at GIFT City, Gandhinagar - becoming the first international bullion exchange of India.
IIBX is India's first International Bullion Exchange set up at GIFT City, Gandhinagar, Gujarat. IIBX aims to bring clarity, efficiency, and global competitiveness to the Indian bullion ecosystem, compared to other international exchanges in Hong Kong, Singapore, Dubai, London, and New York.
With IIBX, Indian Bullion Dealers/Jewellers can now directly purchase gold from international suppliers through regulated channels, eliminating mediators and improving price transparency.
Further, the India-UAE CEPA agreement (2022) allows designated TRQ holders to import gold from the UAE at preferential duty rates — making the IIBX platform central to India's modern gold import system.
Why Anand Rathi GIFT City Services?
Professional Guidance at Every Step
Stepping into GIFT City might sound confusing, but we are there to guide you on every step. Our bullion experts help you through eligibility checks, onboarding, and compliance with IIBX and IFSCA rules and ensure compliance.
Faster & Hassle-free Onboarding
Enjoy simplified documentation assistance at AR GIFT City.
Dedicated Bullion Trading Support
Once you’re onboarded, you get access to real-time support from our experienced desk. Be it timing your purchases, placing orders, or quota-related queries - our team helps you at each stage.
End-to-End Compliance Assistance
Anand Rathi’s team ensures you meet all regulatory obligations with ease. Stay fully compliant with IFSCA and IIBX regulations.
Strong Legacy and trust over the years
With decades of experience and a reputation in the financial market, Anand Rathi stands for trust and credibility. And now, we bring that same trust to bullion dealers through GIFT City.
Who Can Participate in IIBX?
Qualified Jewellers (QJ) Category:
Qualified Jewellers (QJ) with a minimum net worth of ₹15 crore with either 60% turnover in each of the last three financial years or 90% in the latest financial year from precious metals are eligible to trade on IIBX. Once registered, they can buy gold directly via registered Bullion Trading Members.
Qualified Jewellers – TRQ Category (QJ – TRQ):
TRQ stands for Tariff Rate Quota. The entity must have a TRQ quota allocated by the Directorate General of Foreign Trade (also DGFT) under the India-UAE TRQ (Tariff Rate Quota) CEPA Agreement.
IIBX Products
IIBX aims to cater Gold refineries, Institutional Investors, Bullion Dealers, Banks and Exporters
Contract Specification
Market Hours | 9:30 Hrs. to 21:30 Hrs (IST) | ||||||||||
BDR Settlement | At every 30 minutes | ||||||||||
Trading Unit | 1 KG | ||||||||||
Contracts Settlement | T + 0 | ||||||||||
Early Pay-in of Funds and Securities | 100% | ||||||||||
Delivery | Compulsory in Bullion Depository Receipts (BDR) | ||||||||||
Funds Settlement
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Getting started with your IIBX journey
Approval
Obtain approval as a Qualified Jeweller (QJ) or QJ TRQ by IIBX.
Demat Account
Open a Demat Account with India International Depository Limited (IIDIL).
Trading Account
Set up a Trading Account with Anand Rathi International Ventures (IFSC) Pvt. Ltd.
FAQs
You Asked, We Answered!
Why was there a need to establish IIBX?
Earlier, bullion imports happened via a consignment model involving a fee charged by agencies. It included mostly nominated banks and RBI-approved agencies that would supply gold to jewellers and suppliers. Plus, a premium was also added upfront. Hence, the introduction of IIBX allowed qualified domestic jewellers to buy gold and silver within compliance.
Where is IIBX located?
India International Bullion Exchange (IIBX) is located primarily in GIFT City, Gandhinagar, Gujarat. It came into existence on July 29, 2022, after the proposal put forth in the 2020 Budget by Finance Minister Nirmala Sitharaman.
Apart from gold, what other commodities are traded on IIBX?
Besides gold, even silver is available for trade on IIBX. It includes metals in both grain and bar formats.
What are the trading hours on IIBX?
The standardized trading hours on the IIBX exchange are from 9:00 a.m. to 9:30 p.m. IST (in total, 21 hours).
What is the settlement process on IIBX?
T+0 Settlement Contracts with 100% advance remittance. BDR (Bullion Depository Receipts) settlement occurs every 30 minutes but in four cycles. Earlier, it was three cycles.
Can retail investors trade on IIBX?
Retail Indian residents are not allowed to trade bullion spots or Bullion Depository Receipts (BDRs) on IIBX—even via the Liberalized Remittance Scheme (LRS).
Does IIBX offer derivatives trading?
As of now, the IIBX Exchange offers Gold Futures and Silver Futures under the derivatives trading category.