Give detailed deccription of gold and silver contracts available in IIBX?
Here’s a comprehensive deep-dive into the gold and silver contracts available on the India International Bullion Exchange (IIBX) located in GIFT City, Gujarat — India’s first IFSC bullion exchange, launched July 29, 2022 1. 🏛️ Introducing IIBX Operated by India International Bullion Exchange IFSC Ltd and regulated by the IFSCA, IIBX brings global-grade bullion trading infrastructure to India’s IFSC . A key objective is to enable qualified jewellers and TRQ holders to import, hedge, and settle bullion in a transparent, regulated environment, bypassing traditional consignment and agency models. 2. Gold Contracts 2.1 Gold 995 T+0 Spot (1 kg) Trading Hours: 09:00–21:30 IST on business days Underlying: Physical gold, min. 995 purity (LBMA-grade serial-numbered bars) Contract Size: 1 kg; max 100 kg per order Pricing & Tick: Quoted in USD per troy oz; tick = USD 0.01 Settlement: Delivery in BDR form (Bullion De...