ahmedabad international financial services centres authority ifsca launched the pilot run of the international bullion exchange on wednesday the exchange softlaunched by the ifsca chairperson injeti srinivas is scheduled to go live on october 1 2021 which is the foundation day of the authorityindia international bullion holding ifsc limited iibh has been created for setting up and operationalizing international bullion exchange bullion clearing corporation and bullion depository in the international financial services center ifsc at gift city in gandhinagarthe holding company iibh was established following a memorandum of understanding signed between national stock exchange of india limited nse multi commodity exchange of india limited mcx india inx international exchange ifsc limited india inx national securities depository limited nsdl central depository services india limited cdslthe international bullion exchange shall be the gateway for bullion imports into india where all the bullion imports for domestic consumption shall be channelized through the exchange the union finance ministry said in a statementthe exchange ecosystem is expected to bring all the market participants at a common transparent platform for bullion trading and provide an efficient price discovery assurance in the quality of gold enable greater integration with other segments of financial markets and help establish indias position as a dominant trading hub in the world the ministry added