Home / Business and Economy / GIFT City Gold Trading Stumbles Amidst Rules & Legal Fights
GIFT City Gold Trading Stumbles Amidst Rules & Legal Fights
16 Mar
Summary
- GIFT City's gold exchange faced trading disruptions in FY26.
- Allocation rules and legal disputes over TRQ hindered progress.
- The exchange saw a significant drop in trading volume recently.
The Indian International Bullion Exchange IFSC (IIBX), located in GIFT City, has experienced significant trading setbacks in the fiscal year 2025-26. These disruptions stem from frequent alterations in allocation rules and legal challenges related to the Tariff Rate Quota established under the UAE CEPA. This situation has derailed the exchange's momentum.
This comes as a stark contrast to the previous year, when IIBX marked a milestone on March 27, 2025, announcing that cumulative gold trading had surpassed 100 tonnes. The exchange had demonstrated rapid growth, with 92 tonnes traded in FY24-25, a notable increase from the 7.98 tonnes in FY23-24 and merely 411 kilograms in FY22-23.
