India International Bullion Exchange (IIBX) offers a range of Silver contracts designed to support efficient bullion trading, import and settlement across physical and derivatives markets.
The Silver product suite enables participants to select contracts based on approved refinery standards, purity specifications, contract sizes, import categories, settlement cycles, delivery locations and participation requirements while maintaining a transparent and exchange-driven market environment.
IIBX Silver contracts support both physical procurement 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 silver 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 Silver Contracts
Silver sourced from eligible refineries aligned with internationally recognized LBMA standards.
Typical Characteristics:
UAE Silver Contracts (UAEGD)
Silver sourced from eligible UAE Good Delivery approved refineries.
Typical Characteristics:
Participants may select contracts based on purity specifications.
999 Purity
High-purity silver products.
Available Variants:
CEPA Contracts
Products designated under applicable India–UAE CEPA framework.
Key Features:
Non-CEPA Contracts
Standard import products not linked to CEPA framework.
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
Silver Futures contracts are available as standardized exchange-traded contracts.
For Futures contracts:
Futures contracts may provide:
Delivery of underlying silver, 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 → LBMA → 999 → 30 Kg Bar → Non-CEPA → T+0 → GIFT City → Institutional
Result:
LBMA sourced Silver contract with 999 purity, 30 Kg denomination, Non-CEPA category, same-day settlement, delivery at GIFT City and institutional participation.
Another example:
Spot → UAE → 999 → 20 Kg Grains → CEPA → T+2 → Chennai → Normal
Result:
UAE sourced Silver contract with 999 purity, 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.