By Gaurav Kumar30, Jul 2022 03:24 PMjagranjosh.com
A bullion exchange is a platform that enables trading of gold and silver. The bullion conducts trading of precious metals at market spot prices
The International Bullion Exchange shall be the Gateway for Bullion Imports into India. All the bullion imports for domestic consumption shall be channelized through the exchange
The India International Bullion Exchange is the third such exchange in the world. It has been set up to enable India to become an influencer for global bullion prices
It will offer a diversified portfolio of products and technology services at a cost more competitive than other global exchanges
It also aims to standardize gold pricing in India and bring transparency in the trading of these precious metals
It will also facilitate efficient price discovery, ensure standardisation, quality assurance and sourcing integrity and provide impetus to financialisation of gold in India
Till now, a total of 56 qualified jewelers have been registered to have direct access to import gold through India's Bullion Exchange
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