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
  • Punjab National Bank announced PNB Soldierathon 2026 ahead of its 132nd Foundation Day to honour the Armed Forces and promote fitness and national pride. The event will be held on 5 April 2026 and aims to strengthen youth participation and civil-military ties.

    Read More....
  • Indian Navy assumed command of Combined Task Force 154 under the Combined Maritime Forces, boosting multinational maritime cooperation.

    Read More....
  • Prime Minister Narendra Modi inaugurated Seva Teerth and Kartavya Bhavan, calling them symbols of service-driven governance. He said the complex reflects India’s shift toward a people-centric development model.

    Read More....
  • Zimbabwe national cricket team defeated Australia national cricket team by 23 runs in the ICC Men's T20 World Cup, creating a major upset. Zimbabwe remained unbeaten and second in Group B standings.

    Read More....
  • Mumbai-based Agneevasthraa signed an MoU with the Indian Army to supply advanced carbon defense materials. The deal strengthens indigenous manufacturing under the Make in India push.

    Read More....
  • India launched its BRICS Chairship 2026 with a Sherpas meeting chaired by Sudhakar Dalela in New Delhi. Discussions focused on resilience, innovation, and sustainable cooperation among member nations.

    Read More....
  • The Bangladesh Nationalist Party won Bangladesh’s general elections with a two-thirds majority after the post-Sheikh Hasina era polls. A reform referendum was also approved alongside the election.

    Read More....
  • Parliament passed the Industrial Relations Code Amendment Bill 2026 amid debate over labour protections. Minister Mansukh Mandaviya said it clarifies reforms while opposition raised job security concerns.

    Read More....
  • The Ministry of Defence signed a ₹2,312 crore deal with Hindustan Aeronautics Limited for Coast Guard aircraft. The project boosts domestic manufacturing and maritime security.

    Read More....
  • President Droupadi Murmu launched the Karmayoga campaign of the Brahma Kumaris, stressing ethical and spiritual development. She linked spirituality with balanced national progress.

    Read More....