What caused trading disruptions at GIFT City's IIBX in FY26?

Trading disruptions at GIFT City's IIBX in FY26 were caused by frequent changes in allocation rules and legal disputes over Tariff Rate Quota under the UAE CEPA.

When did GIFT City's IIBX announce its trading milestone?

GIFT City's IIBX announced its trading milestone on March 27, 2025, having crossed 100 tonnes in cumulative gold trading.

How did gold trading volume change at IIBX in recent fiscal years?

Gold trading volume at IIBX saw significant growth, with 92 tonnes in FY24-25, compared to 7.98 tonnes in FY23-24 and 411 kilograms in FY22-23.

Home / Business and Economy / GIFT City Gold Trading Stumbles Amidst Rules & Legal Fights

GIFT City Gold Trading Stumbles Amidst Rules & Legal Fights

16 Mar

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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.

GIFT City Gold Trading Stumbles Amidst Rules & Legal Fights

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.

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