SBI Joins India Bullion Exchange:
The State Bank of India (SBI) announced its first gold trade as a Special Category Client (SCC) on the India International Bullion Exchange (IIBX). The move, announced on 1 November 2025, is expected to reshape how gold is imported and traded in India, especially benefiting MSME jewellers through better pricing and streamlined access.India International Bullion Exchange (IIBX) launched to make India a global bullion trading hub, IIBX operates from GIFT City, Gujarat. It offers a centralised and transparent platform for bullion imports and trading, especially aimed at reducing reliance on opaque and fragmented import channels.
