About IIBX Qualified Jewellers

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India International Bullion Exchange (IIBX)

India's bullion market is one of the largest in the world, the second largest in terms of consumption and holds an important position globally, but it lacks organization and structure. A bullion spot exchange is expected to address these challenges and eliminate market inefficiencies. As a prominent market, India has always aspired to be a price setter for the bullion.

IIBX is India’s first International Bullion Exchange set up at the GIFT City, Gandhinagar. IIBX offers a diversified portfolio of products and technology services at a cost which is far more competitive than the Indian exchanges as well as other global exchanges in Hong Kong Singapore, Dubai, London and New York.

Jewelers and bullion dealers with a net worth of Rs 25 Crores will be able to choose their own suppliers of gold and buy the precious metal from them through the India International Bullion Exchange (IIBX) in GIFT City.

India International Bullion Exchange (IIBX)
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Customer Criteria

IIBX aims to cater Gold refineries, Institutional Investors,Bullion Dealers, Banks and Exporters

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Qualified Jeweller Criteria

Jewellery
  • Person residentThe entity shall be engaged in the business of goods falling under ITS(HS) codes 7108, 7113, 7114 and 7118 under Chapter 71 of ITC(HS) outside India.
  • The entity shall have a minimum net worth of ₹ 25 crore as per its latest audited financial statement.
  • The entity must have filed due GST returns up to the preceding month prior to making an application to the IIBX
  • 90% of the average annual turnover in the last 3 financial years are through dealing in goods under precious metals.
HSN CODE ACTIVITY

7108

Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin

7113

ARTICLES OF JEWELLERY AND PARTS THEREOF, OF PRECIOUS METAL OR OF METAL CLAD WITH PRECIOUS METAL - Of precious metal whether or not plated or clad with precious metal:

7114

ARTICLES OF GOLDSMITHS OR SILVERSMITHS WARES AND PARTS THEREOF, OF PRECIOUS METAL OR OF METAL CLAD WITH PRECIOUS METAL - Of precious metal, whether or not plated or clad with precious metal

7118

COIN

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Limited Purpose Trading Membership

A Qualified Jeweller with minimum net worth of INR 25 Crores based in India and not having a physical presence in IFSC, may apply for a Limited Purpose Trading Membership, wherein the entity can only trade on its own account (proprietary trading). No client on boarding shall be permitted for such a trading member.
Jewellery

All compliance to be handled by the LPTM

LPTM has to pay charges and open account with Depository and Clearing member

Trading to be done by self and no other client onboarding

Dedicated resource is required

LPTM Membership costs around 4500 USD per year

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IIBX Products

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IIBX aims to cater Gold refineries, Institutional Investors, Bullion Dealers, Banks and Exporters

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GOLD 995

Description

GOLD 995 T+0

Trading Period

Exchange Business Days

Trading Session

09:00 Hrs. to 17:30 Hrs. Indian Standard Time (IST)

Trading Unit

1 kg

Price Quote

US Dollars per Troy Ounce

Maximum Order Size

10 kg

Tick Size (Minimum Price Movement)

US$ 0.01

Margin

100%

Delivery

Settlement Basis

Compulsory in BDR form

Delivery Unit

1 kg

Settlement

T+0

Settlement Timing

18:00 Hrs. to 21:00 Hrs. Indian Standard Time (IST) same day

Quality Specifications

995 purity
These Gold bars should be serially numbered Gold bars supplied by LBMA approved suppliers or other suppliers as may be approved by IIBX. These Gold bars are to be submitted along with supplier’s quality certificate.

Delivery Logic

Compulsory in BDR form in the Demat account with the depository.

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Process flow for IIBX Gold Imports

Process flow for IIBX Gold Imports

NRI Entities can Buy and Sell the Gold but Qualified Jewellers can only Buy and Import the gold to domestic area.

1

Trading account

Open a trading account with Anand Rathi International Ventures ( IFSC ) Pvt Ltd

2

Demat account

Open a Demat account with IIDL ( India International Depository Limited )

3

Remittance

Remittance from your bank

4

Trade

Trade on IIBX Platform

Key Benefits and Value for Bullion dealers and Jewellers Icon

Key Benefits and Value for Bullion dealers and Jewellers

Lower transaction cost & Longer trading hours

Price Discovery

Digitally- enabled, best in class customer experience.

Quality assurance, Reliability and Operational excellence with International standards.

No tax for 10 years out of any 15 years.

Key Benefits and Value for Bullion dealers and Jewellers

For More Information

Dinesh Modi Sales Head

ARIVPL – GIFT city office

+91 9987231156

Manali Mehta

Dubai Office Representative

+971 568650412

IIBX - FAQs

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Membership Details

Exchange Registration Number

IFSCA / SEBI Registration Number

INZ000292939

INDIA INX

5064

NSE IFSC Exchange

10048

IIBX – TSM Membership Number

2011

IIDL – Depository Participant Number

IFSCA/DP 2022-23 /007

Distributor (Capital Market products and Services)

2023-24/0002

Contact Details

giftifsc@rathi.com

India - +91-96-19655115
Dubai - +971 568650412

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