Prime Minister Narendra Modi has launched the ‘India International Bullion Exchange (IIBX)’, at the Gujarat International Finance Tec-City (GIFT City) near Gandhinagar, Gujarat. IIBX is India’s first international bullion exchange. The exchange, which was announced in Budget 2020, will sell physical gold and silver. The exchange will be open for jewellers with a net worth of Rs 25 crore and above to participate.
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Ashok Gautam will head IIBX as MD and CEO. He took charge in February 2022 and worked with IDBI Bank before this. He has earlier worked with the State Bank of India (SBI).
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