India International Bullion Exchange (IIBX) offers a diversified range of Gold contracts designed to support efficient bullion trading, import and settlement across multiple market segments.
The Gold product suite provides participants with flexibility across approved refinery standards, purity specifications, contract sizes, import categories, settlement cycles, delivery locations and participation requirements while maintaining a transparent and exchange-driven trading environment.
IIBX Gold contracts support both physical market requirements and price discovery objectives through Spot and Futures market offerings.
Participants may explore products based on applicable contract specifications and trading requirements.
Spot Market
Spot contracts facilitate trading and settlement of bullion through Bullion Depository Receipts (BDRs) with defined settlement timelines and delivery arrangements.
Spot contracts support:
Futures Market
Futures contracts provide participants with an exchange-traded framework for price discovery, hedging and market participation.
Futures contracts may be:
Delivery settlement, where applicable, follows IIBX’s delivery matching framework based on delivery intentions and premium / discount discovery.
LBMA Gold Contracts
Gold sourced from eligible refineries aligned with internationally recognized LBMA standards.
Typical Characteristics:
UAE Gold Contracts (UAEGD)
Gold sourced from eligible UAE Good Delivery approved refineries.
Typical Characteristics:
Participants may select contracts based on purity specifications.
9999 Purity
Ultra-high purity bullion products.
Available Variants:
999 Purity
Standard investment and trading grade bullion.
Available Variants:
995 Purity
Commercial bullion grade products.
Available Variants:
TRQ Contracts
Products eligible under India–UAE CEPA Tariff Rate Quota framework.
Key Features:
Non-TRQ Contracts
Standard import products not linked to TRQ allocation.
Key Features:
T+0 Settlement
Settlement obligations are completed on the trade date.
Typical Characteristics:
T+2 Settlement
Settlement obligations are completed within two business days from trade execution.
Typical Characteristics:
FUTURES
Gold Futures contracts are available as standardized exchange-traded contracts.
For Futures contracts:
Futures contracts may provide:
Delivery of underlying bullion, wherever applicable under contract specifications, may be facilitated through approved delivery infrastructure.
GIFT City
Supports exchange-linked international bullion operations through IFSC ecosystem.
Chennai
Supports regional delivery efficiency and broader bullion accessibility.
Normal Contracts
Standard contracts available for eligible market participants.
Suitable for:
Institutional Contracts
Designed for institutional and large-volume participation.
Suitable for:
A participant may choose:
Spot → UAE → 9999 → 1 Kg → TRQ → T+0 → GIFT City → Institutional
Result:
UAEGD sourced Gold contract with 9999 purity, 1 Kg denomination, eligible under TRQ framework with same-day settlement, delivery at GIFT City and institutional participation.
Another example:
Spot → LBMA → 995 → 1 Kg → Non-TRQ → T+2 → Chennai → Normal
Result:
LBMA sourced Gold contract with T+2 settlement and delivery at Chennai under standard market participation.
Important Note Availability of contract combinations, settlement options and delivery locations may vary depending upon applicable contract specifications, operational circulars and product approvals issued by IIBX from time to time.