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
  • Poshan Tracker data shows that 34% of Indian children under five are stunted, highlighting ongoing challenges despite improved nutrition indicators.

    Read More....
  • Arun Kumar Singh has been granted a notable one-year extension as ONGC Chairman, ensuring leadership continuity during the company’s production revival phase.

    Read More....
  • India signs a $946 million sustainment deal for 24 MH-60R Seahawk helicopters, boosting naval capabilities and US-India defence ties.

    Read More....
  • India’s TDPS boosts Assam’s tea sector, increasing production, exports, and small grower empowerment.

    Read More....
  • India ranks 131st in the Women, Peace and Security Index 2025/26, highlighting gradual but uneven progress in women’s empowerment.

    Read More....
  • Navy Day on December 4 honours the Indian Navy’s valor, discipline, and pivotal role in safeguarding India’s maritime security.

    Read More....
  • Ministry of Women & Child Development launches 100-day campaign to make India child marriage-free by mobilizing citizens and communities.

    Read More....
  • Government of India has designated South Kannad in Karnataka as a District Export Hub (DEH) under the ‘Districts as Export Hubs’ initiative, promoting marine products and cashews as potential export items.

    Read More....
  • On December 3, 2025, India promotes disability inclusion and rights through initiatives like Accessible India Campaign, UDID, and PM-DAKSH on International Day of Persons with Disabilities.

    Read More....
  • 84% of Jal Jeevan Mission complaints came from Uttar Pradesh, highlighting major quality and financial irregularities in rural piped water projects.

    Read More....