Gandhinagar: The International Financial Services Centres Authority (IFSCA) has renewed the recognition of India International Bullion Exchange IFSC Limited (IIBX) as both a Bullion Exchange and a Bullion Clearing Corporation for a period of three years, according to an official notification.

The renewed recognition will be valid from December 9, 2025 to December 8, 2028, enabling IIBX to continue operating within the framework of the IFSCA (Bullion Market) Regulations, 2025, specifically for bullion contracts.

IFSCA granted the renewal after examining IIBX’s application and concluding that the extension would serve the interests of the bullion trade, support the development of the bullion market, and benefit the public at large. The approval is issued under powers derived from Section 12 of the IFSCA Act, 2019 and Section 4 of the Securities Contracts (Regulation) Act, 1956, read with Regulation 7 of the Bullion Market Regulations.

The authority has specified that both the Bullion Exchange and the Bullion Clearing Corporation must comply with all conditions prescribed or imposed by IFSCA from time to time.

India International Bullion Exchange, located in GIFT City, Gujarat, is India’s first international bullion exchange and plays a key role in formalising and enhancing transparency in the country’s gold market.