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  🌐 Part I: Organisational Structure & Investor Background 1. IIBX Holding Company: India International Bullion Holding IFSC Ltd (IIBH) IIBX operates as a subsidiary of India International Bullion Holding IFSC Limited (IIBH) , an unlisted public company established on June 4, 2021 , registered as a finance company with the International Financial Services Centres Authority (IFSCA) on August 9, 2021. Paid‑up capital : ₹250 crores; authorised capital : ₹300 crores (as of June 2025). 2. Shareholding & Investors The holding company IIBH was promoted by India’s major market infrastructure institutions : NSE , MCX , CDSL , NSDL , and India INX (BSE’s IFSC arm) under a joint MoU, to establish the bullion exchange, clearing corporation, and depository in GIFT IFSC. In July 2024 , MCX announced a rights issue subscription of ₹20 crore into IIBH, representing up to 20% of paid‑up equity capital , approved by SEBI and to be allotted by mid‑August 2024. No other...

 Here’s a comprehensive breakdown of how IIBX’s gold futures contract differs significantly from MCX’s futures offerings —covering structure, products, participants, market access, and strategic roles. 1. Regulatory & Institutional Framework IIBX (India International Bullion Exchange) is regulated by the International Financial Services Centres Authority (IFSCA) and operates out of GIFT IFSC, Gujarat , focused on the international bullion market within India's IFSC jurisdiction. MCX (Multi Commodity Exchange) is overseen by SEBI , serving the nationwide derivatives market from its base in Mumbai. 2. Contract Type & Purpose IIBX contracts are USD‑denominated gold kilo futures , designed for onshore yet international-price exposure , suitable for hedging actual bullion trades—especially for qualified jewellers, importers, refiners, and certain banks , mostly institutional participants. MCX gold futures are rupee‑denominated contracts in various lot siz...

 Here’s a comprehensive article explaining the new Gold Futures contracts recently launched on IIBX (India International Bullion Exchange) : 🏛️ What Is IIBX? IIBX , located in GIFT IFSC, Gandhinagar (Gujarat, India) , is India's first international bullion exchange , launched on July 29, 2022 . Promoted by entities like NSE, BSE’s India INX, MCX, NSDL, and CDSL, and regulated by the International Financial Services Centres Authority (IFSCA) . 1. Launch of Gold Futures Contracts On July 18, 2025 , IIBX executed its first-ever Gold Futures trade , marking a major milestone in India’s bullion futures market. Key Benefits: Contracts are denominated and settled in US Dollars , enabling exposure to international gold price movement directly from an Indian platform. Domestic jewellers, bullion dealers, refiners , and other stakeholders can now hedge price risk locally — no longer required to use overseas subsidiaries to access international prices . 2. Product...

💳 Understanding the Breakup of Payment Gateway Charges on Each Transaction When a customer makes an online payment—whether via credit card, UPI, debit card, or net banking—a complex financial mechanism processes that transaction behind the scenes. At the center of this process is the payment gateway , which acts as the intermediary between the customer, merchant, bank, and card network. But what exactly are the charges that merchants pay to accept online payments? Let’s break it down in detail. 🧾 What Are Payment Gateway Charges? Payment gateway charges are transaction processing fees levied by service providers like Razorpay, PayU, Stripe, PhonePe Business, etc., for enabling digital payments. These fees vary based on: Payment method (credit card, UPI, etc.) Type of card (domestic vs international) Volume of transactions Type of business or industry 🧮 Typical Breakup of Charges Here’s how the fee is typically broken down per transaction of ₹1,000 as an exam...

 Here’s a comprehensive guide on how to find the current customs duty rates in India , with direct links to official government notifications and government-controlled platforms where these rates are regularly published. 📌 1. What is customs duty? Basic Customs Duty (BCD) is levied at import time under the Customs Act, 1962. It varies by HS (Harmonized System) classification of goods—applied as a percentage of assessable value. You may also face Surcharge, IGST , or Agriculture Infrastructure Development Cess (AIDC) on top of BCD, depending on product and country of origin. 2. Where to find official notifications on customs duty rates ✅ Central Board of Indirect Taxes & Customs (CBIC) CBIC publishes all customs rules and tariff changes. Notifications are publicly accessible. Annexures typically list HS codes, descriptions, duty rates, and effective dates. 📌 Customs Courier & ECCS Notifications For courier-mode imports (like e‑commerce), consul...

  How to Calculate the Gold Price Using Gold COMEX Rate, INR Exchange Rate, and Custom Duty Gold has always been a vital investment asset and a symbol of wealth, especially in countries like India. But have you ever wondered how the price of gold is actually calculated in India when it's based on international markets? Understanding this process can give investors, traders, and even retail buyers valuable insight into how prices are derived and why they fluctuate. In this article, we’ll break down how to calculate the gold price in India using three primary components: Gold COMEX Rate (International price) INR-USD Exchange Rate Custom Duty and Taxes Let’s dive into the step-by-step process and the logic behind each component. 1. Understanding the Gold COMEX Rate COMEX (Commodity Exchange) is a division of the Chicago Mercantile Exchange (CME) and is one of the leading global commodity markets where gold is traded. The COMEX price is quoted in: US Dollars per ...

  Which Date of Each Month is Custom Duty Decided by the Government for Gold and Silver? – A Detailed Analysis Custom duty plays a significant role in determining the final price of imported gold and silver in India. As India is one of the largest consumers of gold and silver globally, the government's policies regarding import duties on these precious metals directly affect the jewelry market, investors, and even the general public. One common question that arises, particularly among bullion dealers, jewelers, importers, and investors, is: "On which date of each month is the custom duty for gold and silver decided by the government?" This article offers an in-depth look at the schedule, authority, and implications of custom duty determinations on gold and silver in India. Understanding Custom Duty on Gold and Silver Custom duty is a type of indirect tax levied on goods imported into or exported from a country. In India, the custom duty on gold and silver includes s...

  What Discount Do We Get in Customs Duty in IIBX? India's push towards formalizing and digitizing its gold market took a significant leap with the launch of the India International Bullion Exchange (IIBX) in 2022. Positioned at GIFT City (Gujarat International Finance Tec-City), IIBX serves as a regulated platform for bullion trading, enabling qualified jewellers and entities to import gold in a transparent, cost-effective, and compliant manner. One of the major incentives for participating in IIBX is the discount on customs duty offered on gold imports made through this exchange. This article explores in detail what that discount is, how it works, who can benefit, and what it means for India’s bullion industry. What is IIBX (India International Bullion Exchange)? The India International Bullion Exchange (IIBX) is India's first international bullion exchange, designed to streamline the import and trading of gold and silver. It aims to: Provide a transparent and eff...