INSUBCONTINENT EXCLUSIVE:
The International Bullion Exchange is expected to go live on October 1, 2021The International Bullion Exchange will go live on October 1,
of Finance said.Finance Minister Nirmala Sitharaman had announced setting up of an international bullion exchange in the Union Budget for
which cover the Bullion Exchange, Clearing Corporation, Depository and Vaults.The exchange ecosystem is expected to bring all the market
participants at a common transparent platform for bullion trading and provide an efficient price discovery, assurance in the quality of
gold, enable greater integration with other segments of financial markets and help establish India's position as a dominant trading hub in
and operationalising International Bullion Exchange, Bullion Clearing Corporation and Bullion Depository in IFSC, GIFT City, Gujarat.The
(MCX), India INX International Exchange (IFSC) Limited (INDIA INX), National Securities Depository Limited (NSDL) and Central Depository
Services (India) Limited (CDSL) were finalised.
