About IIBX

India International Bullion Exchange IFSC Limited

India's gold market is one of the largest in the world and holds an important position in the global bullion market.

Giving a major boost to India’s aspiration of having its own International Bullion Exchange and paving the way for India to play a larger role in the global bullion market, India International Bullion Exchange IFSC Limited (IIBX) was launched by the Honourable Prime Minister of India, Shri Narendra Modi on 29th of July 2022. IIBX is promoted by India’s leading market infrastructure institutions like NSE, INDIA INX (subsidiary of BSE), NSDL, CDSL and MCX. IIBX is established at GIFT IFSC, Gandhinagar, Gujarat, India. IIBX is regulated by International Financial Services Centres Authority (IFSCA) (https://www.ifsca.gov.in).

IIBX has been conceptualised to provide a gateway to import bullion into India and provide world class bullion exchange ecosystem to promote bullion trading, investment in bullion financial products and vaulting facilities in IFSCs.

For the first time, an Indian resident Jeweller (Qualified Jeweller - QJ) can import bullion directly into India through IIBX by being a Client or a Limited Purpose Trading Member of IIBX.

Bullion is kept in the vaults authorised by International Financial Services Centres Authority (IFSCA) and empanelled by India International Depository IFSC Limited (IIDI). Bullion on IIBX is traded in the form of Bullion Depository Receipts (BDRs). Demat account is required to be opened with the IIDI where BDRs will be credited.

The global bullion banks, bullion refiners and bullion traders ( Qualified Supplier – QS) through IIBX, can directly access the bullion buyers in India via IIBX. GIFT IFSC area offers convenience to re-export the Bullion as and when required by bullion suppliers without payment of customs duty. T+0 contracts are currently available for 995 1kg (LBMA & UAEGD) and 999 100 gm (LBMA) with plans to enhance the product suite going forward. IIBX proposes to launch Repo products, Gold metal loan and lease products and introduce Silver shortly. IIBX proposes to have IFSCA approved vaults at multiple SEZs across India.

Norms to become a Qualified Jeweller

Norms to become a Qualified Supplier


T+0 contracts are currently available for 995 1kg (LBMA & UAEGD) and 999 100 gm (LBMA).

SMC as Trading & Clearing member

SMC Global IFSC Private Limited offers trading, clearing and depository participant services thru IIDI to eligible investors in IFSC at Gift City.

About SMC’s Strengths

  • Dedicated delivery and hedging desk
  • One stop solutions under one roof from trading to clearing and to delivery services.
  • Strong experience of close to 20 years in the field of Bullion Market.
  • Awarded as Best Broker with In-house Research in Bullion by Assocham Excellence Awards in 2018.
  • Dedicated support and research desk to cater all your needs
  • Backing of parent company having experience of 30 years in the fields of financial services

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