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IIBX
Silver imports via authorised channels onlyNew import rules for silver are now in effect. All silver imports must go through specific government-approved channels. This includes agen...- Standstill in India gold imports drags on, threatens supplyIndian banks face an unprecedented five-week halt in gold and silver imports, causing domestic prices to surge and threatening shortages. A...
- Indian April gold imports fall to near 30-year low as tax demand hits shipmentsIndia’s gold imports in April are set to fall to around 15 metric tons, a near 30-year low, as banks halted shipments following a 3% IGST d...
- SBI joins India International Bullion Exchange as special category clientState Bank of India has successfully completed its first gold trade on the India International Bullion Exchange. This marks a significant s...
- Bank of Baroda gets IFSCA nod to operate as Trading-Cum-Clearing Member on IIBXBank of Baroda has received approval from IFSCA to operate as a Trading-Cum-Clearing Member on the India International Bullion Exchange (II...
- Gold plunges Rs 4,200/10 gram after FM cuts customs duty on bullionWhile the August gold futures fell over 6% or by Rs 4,268 per 10 gm to hit the day's low of Rs 68500, silver September futures on the MCX t...
- Titan, Kalyan Jewellers rally up to 7% as FM slashes customs duty on gold, silver to 6%In this year's Union Budget, the Indian jewellery industry sought a reduction in gold import duty, along with a 0.5% concession on imports ...
- Union Budget 2024: Commodity market's expectations & weekly outlookExperts discuss recent trends in the commodity market and expectations for the upcoming budget. Gold and silver prices fluctuate as market ...
- Budget 2024: Jewellery industry urges for 5% import duty cut on gold. What it meansDecoding the impact that is expected from the 5% waiver, Mahendra Luniya, chairman & founder of Vignaharta Gold said that in FY23, India's ...
- Indian banks halt silver imports as duty differential spurs private tradeIndia's banks have stopped silver imports after private traders bought large volumes of the precious metal from the United Arab Emirates to...
- Govt allows valid quota holders under India-UAE trade pact to import gold through bullion exchangeIn a notification, the Directorate General of Foreign Trade (DGFT) said that those companies can obtain the physical delivery of the consig...
- Senco becomes first qualified jeweller from East India to import gold on India International Bullion ExchangeIndia's first International Bullion Exchange (IIBX) was launched in the GIFT city (Gujarat International Finance Tec-City) in July 2022 to ...
- Malabar Gold & Diamonds becomes first Indian jewellery group to get TRQ licenseTRQ will help the group in importing gold through the IIBX under India-UAE Comprehensive Economic Partnership Agreement(CEPA)at reduced dut...
- RBI permits gold price hedging at IFSCThe exchange has 75 qualified jewellers as of now and 35 more are in pipeline, Gautam said. “They will be able to hedge gold in the IIBX in...
- Bullion Exchange set to aid India's forexCosts could come down by as much as $50 a kilogram initially, people familiar with the matter told ET, as the Bullion Exchange (IIBX) at GI...
- India launches first international bullion exchange to bring transparencyIndia launches first international bullion exchange to bring transparency
- View: As IIBX gains traction, price-rigging in the precious metals market should become a thing of the pastIIBX has been conceptualised to act as a gateway to the global market for not just importing gold but other commodities as well. But we sho...
- RBI issues norms for import of gold by qualified jewellersThe RBI issued the guidelines in order to enable resident Qualified Jewellers to import gold through IIBX or any other exchange approved by...
- BSE signs MoU with local jewellers association to boost the growth of proposed EGRBSE is confident that through this MoU, bullion merchants, wholesalers, retailers and exporters from all over Madurai and the wider south z...
- Jewellers to be able to choose gold suppliers through IIBX in GIFT City once operationalA senior member of a trade body, who was present at the meeting, told ET on condition of anonymity that the government has given indication...
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