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How to Obtain a Payment Aggregator or Payment Gateway License in India As India rapidly embraces digital payments, entities offering online payment solutions—like payment gateways and aggregators—must operate under regulatory frameworks to ensure security, transparency, and customer protection. The Reserve Bank of India (RBI) governs these operations through detailed guidelines, mandating a Payment Aggregator (PA) License for non-bank entities. Here's a step-by-step guide to understanding and obtaining this license in India. What is a Payment Aggregator (PA)? A Payment Aggregator is an intermediary between merchants and customers, facilitating online payments through various channels—credit/debit cards, UPI, wallets, net banking, etc. Unlike banks, these entities collect payments on behalf of merchants and settle them after a defined period. RBI Guidelines for PA/PG License In March 2020, RBI issued "Guidelines on Regulation of Payment Aggregators and Payment Gatewa...

  The India Bullion and Jewellers Association Ltd. (IBJA), in collaboration with its Bullion Youth Wing, is set to host the Indian Youth Premier League (IYPL) 2025 on June 27 and 28 at the Saya Grand Resort in Thane . This two-day youth turf cricket extravaganza aims to bring together young cricket enthusiasts from across the country for a celebration of talent and sportsmanship.( Instagram , X (formerly Twitter) ) Event Overview The IYPL 2025 is designed to provide a platform for young cricketers to showcase their skills in a competitive yet nurturing environment. Organized by IBJA and its Bullion Youth Wing, the event underscores the association's commitment to youth engagement and development through sports . Participants can look forward to a series of matches played on state-of-the-art turf pitches, ensuring high-quality gameplay and experience.( Facebook ) Stay Sponsor Ensuring a comfortable and seamless experience for all attendees, Chirayu Software Solutions has been ...

  Major Cities for Bullion Market in India and the World Bullion—comprising precious metals like gold and silver in bulk form—is an integral component of global financial systems, jewelry industries, and investment portfolios. As one of the oldest and most valuable asset classes, bullion has always had vibrant marketplaces centered around cities that specialize in its trade, processing, and storage. This article explores the major cities in India and around the world that serve as hubs for the bullion market. Bullion Markets in India: Major Cities India is one of the largest consumers of gold globally, driven by cultural, religious, and economic factors. The country's bullion market is vibrant and deeply rooted in tradition, while also adapting to modern financial systems like electronic gold exchanges. The following are key cities that play a central role in India’s bullion trade: 1. Mumbai (Maharashtra) Why It’s Important: Home to the Bombay Bullion Association , one of ...

  How to Calculate Gold Prices for 14K, 18K, 22K, and 24K Using 999 Bullion Rates on Mobile Apps In today's digital age, checking live gold rates has become easier than ever thanks to bullion mobile apps. However, most of these apps display the rate for Gold 999 — that is, gold that is 99.9% pure, also known as 24-karat gold in its purest investment form. While this information is invaluable for traders and investors, everyday gold buyers—especially those looking to purchase jewelry—often need to know the rates for 14K, 18K, and 22K gold , which are more commonly used in ornament making. So, how can you derive the value of different gold karats from the 999 gold rate? Let’s break it down in a simple and actionable way. Understanding Gold Purity and Karats Before we get into calculations, it's crucial to understand the terminology: 24 Karat (24K) – Pure gold, 99.9% purity (also referred to as 999 gold) 22 Karat (22K) – 91.6% gold purity (often stamped as 916) 18...

  Understanding the Different Purities in Gold Jewellery Gold has long been cherished for its timeless beauty, rarity, and value. From ancient civilizations to modern times, gold jewelry remains a symbol of wealth, status, and celebration. But not all gold is the same—its quality and value are largely determined by its purity . Understanding gold purity is essential for making informed choices when buying or selling gold jewelry. In this article, we will delve into the various purities of gold, how they are measured, their significance, and how each type is best suited for different uses. What is Gold Purity? Gold purity refers to the proportion of pure gold in a piece of jewelry compared to other metals used in the alloy. Pure gold is too soft to be used on its own for most jewelry, so it is mixed with other metals like silver, copper, nickel, or zinc to make it more durable. Purity is commonly measured in karats (K) , with 24K being pure gold. Alternatively, it may be expre...

  How to Become a Member of IIBX Exchange: A Complete Guide India International Bullion Exchange (IIBX), launched in 2022, is India’s first International Bullion Exchange located at GIFT City, Gujarat. It is a groundbreaking initiative aimed at creating a transparent, efficient, and world-class trading platform for gold and other precious metals in India. Governed by the International Financial Services Centres Authority (IFSCA), IIBX facilitates the trading of bullion in a regulated and secure environment. Becoming a member of the IIBX Exchange opens doors to a host of opportunities in the bullion market. Whether you are a trading member, clearing member, or a Qualified Jeweller, the membership offers access to a streamlined and regulated gold import and trading system. This guide will walk you through the eligibility, types of membership, application process, documentation, and compliance requirements to become a member of IIBX Exchange. 📌 Types of Membership at IIBX IIBX...

How to Sell on IIBX Exchange: A Complete Guide The India International Bullion Exchange (IIBX) is a pioneering platform introduced to streamline bullion trading in India. Located at the Gujarat International Finance Tec-City (GIFT City), it is the country's first International Bullion Exchange, aiming to make gold trading more transparent, efficient, and accessible. If you're interested in selling gold or other precious metals via IIBX, it is crucial to understand the framework, regulations, and processes involved. This guide offers a detailed walkthrough of how to sell on the IIBX exchange , covering eligibility, registration, compliance requirements, trading mechanisms, and settlement processes. 1. What is IIBX? The India International Bullion Exchange (IIBX) was launched in July 2022 to enable direct participation of Qualified Jewellers and Non-Resident Indians (NRIs) in the bullion market. It operates under the regulatory framework of the International Financial Serv...

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...