IFSC sector
Bullion Market
The India International Bullion Exchange (IIBX) at GIFT IFSC is India's first international bullion exchange, letting qualified jewellers and eligible participants import gold and silver directly through a transparent, exchange-traded route with vaulting inside the IFSC.
India International Bullion Exchange - a first for the country
Highlights
What stands out
- 619 intermediaries and participants on the bullion exchange (March 2026)
- Direct import of gold and silver by qualified jewellers
- IFSCA-regulated vaults, clearing and depository receipts
- Price discovery in foreign currency for the world's second-largest gold market
Permitted activities
What entities actually do here
- Trading in bullion depository receipts (BDRs)
- Vaulting and vault manager services
- Bullion clearing and settlement
- Qualified jeweller registrations
Regulation
How it is governed
IFSCA (Bullion Exchange) Regulations, 2020 and connected circulars for vault managers and qualified jewellers.
Compiled from official material published by IFSCA, GIFT City, GIFT Gujarat. Figures carry the period stated by the publishing authority. Always verify current requirements before acting.