India International Exchange or India INX offers trading in gold, silver and copper futures.
"Trading volume crossed USD 100 million today for the first time in a single trading day," India INX said in a statement.
India INX is the first international exchange to become operational at the International Financial Service Centre (IFSC) at the Gift City in Gujarat.
Although the rival bourse NSE too has got the licence, it is yet to kickstart operations.
The exchange went live on January 16 and recorded a trading volume worth USD 4,30,520 on the first day of trade.
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