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How to Buy from IIBX Exchange: A Step-by-Step Guide With the growing interest in investing in gold digitally, the India International Bullion Exchange (IIBX) has emerged as a key platform for buying and selling physical gold electronically. Established at GIFT City (Gujarat International Finance Tec-City), IIBX is India’s first International Bullion Exchange and aims to streamline gold trading for qualified buyers. Here's a detailed guide on how to buy from the IIBX Exchange . What is IIBX? The India International Bullion Exchange (IIBX) is a platform that allows qualified jewelers and other authorized participants to import bullion into India efficiently and transparently. It is regulated by the International Financial Services Centres Authority (IFSCA) . Who Can Buy on IIBX? Currently, direct participation is allowed for: Qualified Jewellers (registered with IIBX and approved by IFSCA) Non-Resident Indians (NRIs) and Foreign Entities (via qualified channels) Bank...

What is the Difference Between IIBX and MCX? India’s bullion and commodity trading landscape features multiple exchanges, each serving distinct roles. Two of the most important platforms are the India International Bullion Exchange (IIBX) and the Multi Commodity Exchange (MCX) . While both allow trading in precious metals like gold and silver, they differ significantly in terms of structure, purpose, regulatory body, and participants . This article outlines the key differences between IIBX and MCX to help traders, jewellers, and investors better understand how each functions. 📌 Overview of IIBX and MCX Feature IIBX MCX Full Name India International Bullion Exchange Multi Commodity Exchange of India Established 2022 2003 Regulator International Financial Services Centres Authority (IFSCA) Securities and Exchange Board of India (SEBI) Location GIFT City (Gujarat International Finance Tec-City), Gandhinagar Headquartered in Mumbai, operates pan-India ...

How to Become a Member of IIBX (India International Bullion Exchange) The India International Bullion Exchange (IIBX) is India’s first international bullion exchange, established at GIFT City, Gujarat. IIBX aims to bring transparency, efficiency, and regulation to the bullion trade, allowing participants to trade gold and silver in a secure, tech-driven environment. Becoming a member of IIBX provides market participants with access to international standards of bullion trading and settlement. If you're interested in becoming a member of IIBX, this article will guide you through the process, eligibility, and benefits. 🧾 Types of Membership at IIBX IIBX offers several categories of membership, depending on the nature of participation: Trading Member (TM): Can trade on their own account and on behalf of clients. Trading and Clearing Member (TCM): Can trade and also clear and settle trades executed on IIBX. Professional Clearing Member (PCM): Provides clea...

How to Do Hedging in MCX for Gold Bars Traders Introduction Gold bars traders operate in a highly volatile commodity market where price fluctuations can significantly impact profit margins. The Multi Commodity Exchange (MCX) of India provides an efficient platform for hedging such price risks. Hedging in MCX helps gold traders to protect their inventory value from adverse market movements, ensuring business stability and risk mitigation. This article explains how gold bars traders can effectively hedge using MCX futures and options contracts. Understanding the Need for Hedging Gold prices are influenced by several macroeconomic factors—global inflation, currency fluctuations (especially USD/INR), interest rates, geopolitical tensions, and central bank policies. These factors make gold prices unpredictable. For a trader holding physical gold bars, a sudden drop in prices can lead to substantial losses. Hedging allows traders to lock in prices using financial contracts, offsetting...

What Are the Different Carats of Gold in Gold Jewellery? Gold has captivated humanity for thousands of years with its lustrous beauty, durability, and intrinsic value. From ancient civilizations to modern luxury markets, gold remains one of the most treasured and widely used metals—especially in the realm of jewellery. When purchasing or evaluating gold jewellery, one of the most important aspects to understand is the “carat” (or “karat” in the U.S.) rating. This rating denotes the purity of gold in a given piece and plays a key role in determining its value, color, durability, and suitability for everyday wear. In this article, we’ll explore the different carats of gold used in jewellery, what they mean, and how to choose the right one based on your needs and preferences. What Is a Carat of Gold? In the context of gold, a carat (symbol: "K" or "ct") measures the purity of the metal. Pure gold is defined as 24 carats , which means it is 100% gold with no other...

How to Hedge a Position When Selling Gold Bars Investors and gold dealers often seek ways to manage risk when selling physical gold bars, especially in volatile markets. Hedging is a strategic tool used to protect against adverse price movements. Here’s a step-by-step guide on how to hedge your position when selling gold bars, ensuring you minimize potential losses and protect profit margins. 1. Understand the Risk Exposure When selling gold bars, you are exposed to downside risk if gold prices fall before the transaction is completed, or opportunity loss if prices rise after you’ve agreed to a price. The goal of hedging is to neutralize this risk. 2. Use Futures Contracts One of the most common ways to hedge gold is through gold futures on exchanges such as COMEX. Sell (short) gold futures : If you plan to sell physical gold in the near future, shorting a futures contract locks in the current market price. Example: You plan to sell 10 kg of gold in one month. You short o...