India has setup its very first international bullion exchange. Who is permitted to trade on the IIBX, and what goods will be first provided for trading? What benefits does India's bullion exchange offer? Here's how it will work.
On July 29, Prime Minister Narendra Modi inaugurated India's first bullion exchange, the India International Bullion Exchange (IIBX), at GIFT City (Gujarat International Finance Tec-City), India's first International Financial Services Centre (IFSC), which is sit...