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Explained: How will India's International Bullion Exchange (IIBX) work

India's International Bullion Exchange (IIBX) will be open for jewellers with a net worth of Rs 25 crore and above to participate

Topics
Narendra Modi | Commodity Exchange | GIFT City

BS Web Team  |  New Delhi 



Photo: Unsplash/Jingming Pan
Photo: Unsplash/Jingming Pan

Prime Minister will on Friday launch India's first bullion exchange, India International Bullion Exchange (IIBX), in in Gujarat. The exchange, which was announced in Budget 2020, will sell physical gold and silver. According to a report by the Indian Express, infrastructural arrangements to store these have already been made.

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First Published: Thu, July 28 2022. 17:02 IST

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