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PM Narendra Modi launches International Bullion Exchange IIBX in GIFT-City

 PM Narendra Modi launches International Bullion Exchange IIBX in GIFT-City


India's Prime Minister Narendra Modi has launched the International Bullion Exchange IIBX in the city of Ahmedabad. This new facility will provide a secure and efficient way for Indians to purchase gold and silver. The exchange is open to all Indian citizens, as well as foreign investors.


PM Narendra Modi launches International Bullion Exchange IIBX in GIFT-City


The International Bullion Exchange (IBIX) has been launched by Prime Minister Narendra Modi in the city of Gandhinagar, Gujarat. The IBIX is an international platform that will allow traders to exchange bullion and coins with other investors from around the world. The exchange will provide investors with a safe and secure environment to trade their bullion and coins. The IBIX will also offer traders the opportunity to buy and sell gold and silver bullion, as well as coins.


India's Gold Rush


India's Gold Rush Begins in GIFT-City


The International Bullion Exchange (IIBX) officially opened its doors to the public on Monday, December 4th, in the city of Ahmedabad, Gujarat. The IIBX is India's first and only international gold exchange. It offers consumers and institutions access to a wide variety of bullion products and services from around the world.


The IIBX is located in the heart of Ahmedabad's Gift-City district, which has been dubbed "the World's Gold Market." The city is home to more than 500 registered gold merchants and exporters, as well as several internationally recognized precious metals refiners and producers.


The IIBX was established with the goal of facilitating the flow of global gold prices and ensuring that Indian investors have access to the best possible quality products and services. It offers a wide range of products and services, including: bullion coins, bars, certificates of deposit, private vault services, and foreign exchange.


The IIBX is open Monday through Friday from 8:30 a.m. to 5 p.m., and it is closed on weekends and national holidays. For more information


The Impact of the International Bullion Exchange IIBX


There is no denying the importance of gold in today’s economy. In fact, it has become so important that many governments around the world have started to make gold a centerpiece of their economic policies.


One such government is India’s, which is why Prime Minister Narendra Modi launched the International Bullion Exchange IIBX in GIFT-City last week. IIBX is a new platform that will allow people to buy and sell gold and other precious metals using digital currency.


The purpose of IIBX is twofold: first, it will help to increase the use of gold as a global reserve currency; and second, it will help to create more jobs in the gold industry.


So far, IIBX has received support from a number of prominent members of the Indian business community. This includes Nandan Nilekani, head of Google India; Shiv Nadar, founder of Snapdeal; and Rajesh Jain, chairman and managing director of ICICI Bank. Moreover, IIBX has the endorsement of the country’s central bank, the Reserve Bank of India (RBI).


The launch of IIBX is


What is an ETF?


An ETF (exchange-traded fund) is a type of mutual fund that trades on stock exchanges like a common stock. An ETF holds a basket of stocks, commodities, bonds, or other assets and trades like a common stock. You can buy and sell ETFs just like any other security on the market.


How does IIBX work?


International Bullion Exchange (IIBX) is a new online marketplace for buying and selling gold and silver bullion. Launched by Prime Minister Narendra Modi in the city of Gandhinagar, Gujarat on April 6th, 2017, IIBX offers a secure and transparent platform for buying and selling precious metals with a global reach.


The IIBX marketplace allows users to buy and sell gold and silver bullion from around the world in real-time. The platform offers a wide range of products, including coins, bars, rounds, and jewelry. Users can also trade gold and silver bullion between different currencies and brokers.


The IIBX Marketplace is open to all registered members of the exchange. Members can browse the available products and find the best deals on precious metals. They can also place orders for precious metals using the exchange’s secure payment system.


The IIBX Marketplace is operated by IIBEX LLC, a newly created subsidiary of the International Bullion Group (IBG), one of the world’s leading precious metals companies. IBG is an equal partner in IIBEX LLC with Goldman Sachs Group Inc., HSBC Holdings Plc., Mits


Why GIFT-City was chosen as the location for the launch of IIBX?


GIFT-City, the world’s first gift-themed city, was chosen as the location for the launch of IIBX because it captures the imagination and provides a unique opportunity to promote India’s image as a global investment destination. The city is home to over 100 luxury brands, including Cartier, Dior, LVMH and Swatch Group.


IIBX is a globally recognized platform that facilitates trade in gold and silver. Initially launched in London in 2013, IIBX has since expanded to New York City and Singapore. With over 1,000 participants from more than 50 countries, IIBX is the largest gold trading platform in the world.


The launch of IIBX at GIFT-City comes at a time when India’s economy is growing at a pace of 7%. The country is ranked fourth in terms of GDP growth potential and has emerged as one of the most promising investment destinations in the world. The government’s focus on infrastructure development, including initiatives such as Digital India, along with strong economic fundamentals will help drive growth in the Indian economy.


In addition to providing investors with access to gold and silver markets,

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