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

NPC will celebrate its 68th Foundation Day on 12 Feb 2026 and observe National Productivity Week focused on MSME cluster growth.
Read More....
The Centre launched White Revolution 2.0 to boost dairy cooperatives and raise milk procurement by 50% by 2028–29.
Read More....
A copper artefact in Egypt has been reclassified as an early bow drill, suggesting advanced engineering 2,000 years earlier than believed.
Read More....
Two Aravind Eye Care doctors won the 2026 Chang-Crandall Award for global cataract blindness service.
Read More....
NATO launched Arctic Sentry to coordinate Arctic defence exercises amid rising regional competition.
Read More....
Delhi announced Lakhpati Bitiya Yojana to reduce school dropouts among girls. The scheme provides milestone-based financial deposits.
Read More....
The US and South Korea launched an expanded Buddy Squadron air drill to strengthen joint defence readiness.
Read More....
Odisha CM unveiled books by Biswabhusan Harichandan on history and culture. The event honoured his public life.
Read More....
IAF will conduct Exercise Vayushakti-26 to showcase combat power and disaster response capability.
Read More....
National Livestock Mission expanded subsidy and insurance coverage. It promotes rural livestock entrepreneurship.
Read More....