PM Modi launches India's first international bullion exchange in Gujarat

PM Modi launches India's first international bullion exchange in Gujarat

Daily Current Affairs / PM Modi launches India's first international bullion exchange in Gujarat

Change Language English Hindi

Category : National Published on: August 01 2022

Share on facebook

Prime Minister Narendra Modi on Friday inaugurated the country’s first international bullion exchange – the India International Bullion Exchange (IIBX) at Gujarat International Finance Tec-City (GIFT City) in Gandhinagar.
He also laid the foundation stone of the Headquarters Building of the International Financial Services Centres Authority, in Gandhinagar.
IIBX is the third such exchange in the world and has been set up with an aim to enable India to become an influencer for global bullion prices.
IIBX will facilitate the transition of the Indian Bullion Market towards a more organised structure by roping in qualified jewellers.
IIBX is promoted by five market institutional investor’s i.e., CDSL, India INX, NSDL, NSE and MCX.

Recent Post's

Gates Foundation and OpenAI launched the $50 million ‘Horizon1000’ initiative to introduce AI-based healthcare services in 1,000 African primary health centres by 2028.
Read More....
Deepinder Goyal resigned as CEO of Eternal Ltd., and Blinkit CEO Albinder Singh Dhindsa was appointed as the new Group CEO.
Read More....
The Election Commission of India launched the ECINET digital platform at IICDEM 2026 in New Delhi.
Read More....
CDS General Anil Chauhan released the Military Quantum Mission Policy Framework to integrate quantum technologies into the Armed Forces.
Read More....
The Government of India notified emission intensity targets for 208 additional industries under the Carbon Credit Trading Scheme.
Read More....
Murali Krishna, son of legendary singer S. Janaki, passed away due to a heart attack on January 22.
Read More....
MSDE signed an MoU with the World Economic Forum to strengthen vocational education and skill development in India.
Read More....
India is celebrating 150 years of ‘Vande Mataram’ with nationwide cultural events and military band performances.
Read More....
Donald Trump filed a $5 billion lawsuit against JPMorgan Chase and its CEO over alleged debanking.
Read More....
India and Namibia agreed to expand cooperation in defence, critical minerals, health, and digital infrastructure.
Read More....