India International Bullion Exchange

SBI became the first bank to become a trading cum clearing member of the India International Bullion Exchange.
- Bullion refers to physical gold and silver of high purity.
India International Bullion Exchange is the first international bullion exchange in India.
- Prime Minister Narendra Modi launched it in the year 2022.
- Its objective is to ease precious metal trading for jewelers.
- It is located in GIFT City Gandhinagar, Gujarat.
- It is regulated by the International Financial Services Center Authority.