Chirayu Software Solutions

 The International Financial Services Centres Authority (IFSCA) issued a landmark circular on January 2, 2026, fundamentally transforming India's bullion import landscape by enabling new categories of entities to participate in gold and silver imports through the India International Bullion Exchange (IIBX). This comprehensive six-page regulatory document amends the existing framework and introduces flexible eligibility criteria for specialized traders. Background and Context This circular amends the IFSCA's October 10, 2025 Consolidated Circular titled "Import of gold or silver by Qualified Jewellers and valid India-UAE CEPA Tariff Rate Quota (TRQ) Holders through India International Bullion Exchange (IIBX)." The amendments emerged from stakeholder consultations and representations, reflecting the Authority's responsive approach to market needs. Major Policy Decisions The circular announces two fundamental policy shifts: Relaxation of eligibility criteria t...

On a quiet Friday night, when liquidity is thin and most participants are flat-footed, CME Clearing dropped a bombshell. Advisory 25-393 . Margins were raised across nearly every precious metals contract—effective immediately. Silver : +$3,000 to $25,000 per contract Gold : +$2,000 to $22,000 per contract Platinum : +23% Palladium : +20% This was not an isolated move. It was the second margin hike in just 17 days . For anyone who has studied the history of precious metals markets, the playbook is unmistakable. And it is not comforting. The Old Playbook: Margin Hikes as Market Weapons Margin hikes are often framed as “risk management.” In reality, they are one of the most powerful tools exchanges possess to force liquidation . We’ve seen this movie before. 1980 : COMEX implemented Silver Rule 7 , changing margin requirements overnight. The Hunt Brothers—who were heavily long—were bankrupted. Silver collapsed. 2011 : Five margin hikes in nine days triggered a 30% cras...

 India's Gold Buyback Strategy: A Silver Bullet for Economic Growth? Unlocking Idle Wealth Through Strategic Gold Monetization India sits on a massive treasure trove—approximately $5 trillion worth of gold held by households, equivalent to 35,000 tonnes. This represents the world's largest pool of domestic savings outside the formal financial system. However, much of this wealth remains idle and unproductive in the parallel economy. A recent Morgan Stanley report suggests that bringing even a portion of this gold into the mainstream economy could yield significant economic benefits for the nation. The RBI's Proposed Gold Purchase Program The Reserve Bank of India is considering a structured gold purchase program that could transform this dormant asset into productive capital. Here's how the proposed scheme would work: Payment Structure: 65% of the gold's value would be paid immediately in cash The remaining 35% would be converted into 29-year zero-coupon gov...

India Opens First Round of Gold Import Quota Allocation Under UAE Trade Agreement Comprehensive Guide to the India-UAE CEPA Gold TRQ Tender Process (FY 2025-26) Executive Summary The Directorate General of Foreign Trade (DGFT) has announced the first competitive bidding round for Gold Tariff Rate Quota (TRQ) allocations under the India-UAE Comprehensive Economic Partnership Agreement (CEPA) for the financial year 2025-26. This marks a significant shift in India's approach to gold imports, introducing a transparent e-auction mechanism exclusively for Micro and Small Enterprises in this initial round. Key Highlights Allocation Details: Total Quantity: 30 metric tons (MT) in the current round, with potential extension to 45 MT Eligible Participants: Restricted to Micro and Small Enterprises (MSMEs) only Maximum Allocation: 10 kg for Micro units, 25 kg for Small units Bidding Platform: MSTC e-commerce portal Timeline: Bids open December 29, 2025; closing January 2, 2026 Back...

 HUID in Silver Jewellery: A New Era of Trust, Transparency, and Purity in India The Ministry of Consumer Affairs, Food & Public Distribution announced the successful implementation of mandatory Hallmark Unique Identification (HUID) for silver jewellery and artefacts from 1st September 2025 . Within just three months, over 17 lakh silver items have been hallmarked under this system — reflecting growing trust among both jewellers and consumers. The initiative, led by the Bureau of Indian Standards (BIS) , aims to strengthen purity assurance, eliminate fake hallmarking, and enhance consumer protection through digital traceability . Each hallmarked silver item now carries a unique 6-digit alphanumeric code (HUID) laser-marked on the jewellery, ensuring full transparency from manufacturing to sale. The BIS Care mobile app (available on Android and iOS) allows consumers to verify the authenticity of hallmarked items in real-time, displaying purity, item type, jeweller details,...

  Top 10 Digital Gold Apps in Singapore (Brief Guide) Singapore is one of Asia’s safest and most trusted hubs for gold investing. With digital gold platforms growing in popularity, investors can now buy and store real gold online with ease, low minimums, and secure vaulting. Here’s a quick look at the top 10 digital gold apps & platforms in Singapore . 1. GoldPay.sg A popular app offering online gold buying backed by real bullion stored in secure vaults. Low minimums and easy buy/sell features. 2. GSC Live! (GoldSilver Central) Real-time gold, silver, and platinum trading with tight spreads. Physical delivery available. Great for active investors. 3. BullionStar A leading bullion dealer offering online purchases, vault storage, and a gold savings program. Ideal for long-term holders. 4. UOB Gold Savings Account Bank-backed digital gold solution. Buy and track gold online via UOB, with the option to convert to physical bars. 5. Everest Gold A digitalised gold trading...