**Executive Summary**
The International Financial Services Centres Authority (IFSCA) issues a notification regarding the renewal of recognition to India International Bullion Exchange IFSC Limited as a Bullion Exchange and Bullion Clearing Corporation. This renewal is effective from December 9, 2025, to December 8, 2028, and is subject to conditions specified by IFSCA. The notification is issued on December 3, 2025.
**Key Points / Main Content**
* **Recognition Renewal:**
* IFSCA renews the recognition of India International Bullion Exchange IFSC Limited as a Bullion Exchange and Bullion Clearing Corporation.
* Renewal period: December 9, 2025, to December 8, 2028.
* **Legal Basis:**
* The decision is based on the assessment that it is in the interest of trade, the bullion market, and the public.
* The notification references Section 12 of The International Financial Services Centres Authority Act, 2019 and Section 4 of the Securities Contracts (Regulation) Act, 1956, read with Regulation 7 of the International Financial Services Centres Authority (Bullion Market) Regulations, 2025.
* **Conditions:**
* The Bullion Exchange and Bullion Clearing Corporation must comply with conditions as may be prescribed by IFSCA from time to time.
* **Definition:**
* "Bullion contract" is defined as per the International Financial Services Centres Authority (Bullion Market) Regulations, 2025.
**Impact Analysis**
**Stakeholder: India International Bullion Exchange IFSC Limited**
* **Impact:** Receives renewal of recognition as a Bullion Exchange and Bullion Clearing Corporation.
* **Action Required:** Comply with conditions specified by IFSCA.
Key Entities Referenced
International Financial Services Centres Authority (IFSCA): The primary regulatory authority responsible for the bullion market.
International Financial Services Centres Authority Act, 2019: Act conferring powers to the IFSCA.
India International Bullion Exchange IFSC Limited, Gujarat: Applicant for recognition renewal as Bullion Exchange and Bullion Clearing Corporation.
International Financial Services Centres Authority (Bullion Market) Regulations, 2025: Regulations governing the recognition and operation of bullion exchanges.
Securities Contracts (Regulation) Act, 1956: Act referenced regarding powers related to securities contracts (bullion contracts).
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-जी.जे.-अ.-05122025-268265
xxxGIDHxxx
CG-GJ-E-05122025-268265
xxxGIDExxx
असाधारण
EXTRAORDINARY
भाग III—खण् ड 4
PART III—Section 4
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 788] नई ददल्ली, बहृ स्ट्प जतिार, ददसम्ब र 4, 2025/अग्रहायण 13, 1947
No. 788] NEW DELHI, THURSDAY, DECEMBER 4, 2025/AGRAHAYANA 13, 1947
अतं रराष्ट्रीय जित्तीय सेिा केंद्र प्राजधकरण
अजधसचू ना
गांधीनगर, 3 ददसम् बर, 2025
फा.स.ं आईएफएससीए-पीएमटीएस/9/2023-प्रजे ियस मटे ल्स.—अंतरराष्ट्रीय जित्तीय सेिा केंद्र प्राजधकरण,
एतद्द्वारा इंजडया इंटरनिे नल बजु लयन एक्सचेंि आईएफएससी जलजमटेड, गुिरात, के आिेदन पर अंतरराष्ट्रीय जित्तीय सेिा
केंद्र प्राजधकरण (बुजलयन बािार) जिजनयम, 2025 के जिजनयम 3 के अधीन मान्यता प्रदान करने के जलए जिचार करने और
इस बात से संतुष्ट होने के बाद दक ऐसा करना व्यापार, बुजलयन बािार और िनजहत में भी होगा, अंतरराष्ट्रीय जित्तीय सेिा
केंद्र प्राजधकरण (बुजलयन बािार) जिजनयम, 2025 के जिजनयम 7 के साथ पठित अतं रराष्ट्रीय जित्तीय सेिा केंद्र प्राजधकरण
अजधजनयम, 2019 की धारा 12 और प्रजतभूजत संजिदा (जिजनयमन) अजधजनयम, 1956 की धारा 4 द्वारा प्रदत्त िजियों का
प्रयोग करत े हुए बुजलयन अनुबंधों के संबंध म ें अधो िर्णणत या यथा-जनधााठरत या भजिष्य म ें लगाई गई ितों के अध्यधीन
तीन िर्षों के जलए 9 ददसंबर 2025 से 8 ददसंबर 2028 तक बुजलयन एक्सचेंि और बुजलयन जक्लयररग कापोरेिन के रूप
में मान्यता का निीनीकरण प्रदान करता ह:ै
• बुजलयन एक्सचेंि और बुजलयन जक्लयररग कापोरेिन आईएफएससीए द्वारा समय-समय पर जनर्ददष्ट ितों का
पालन करेगा।
"स्ट्पष्टीकरण:—'बुजलयन अनुबंध' का िही अथा होगा िो अंतरराष्ट्रीय जित्तीय सेिा केंद्र प्राजधकरण (बुजलयन
बािार) जिजनयम, 2025 के अधीन इसे ददया गया ह।ै "
. ,
[जिज्ञापन-III/4/असा./524/2025-26]
8156 GI/2025 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4]
INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY
NOTIFICATION
Gandhinagar, the 3rd December, 2025
F. No. IFSCA-PMTS/9/2023-Precious Metals.—The International Financial Services Centres Authority,
having considered the application by India International Bullion Exchange IFSC Limited, Gujarat for grant of
recognition under Regulation 3 of the International Financial Services Centres Authority (Bullion Market)
Regulations, 2025 and being satisfied that it would be in the interest of the trade, bullion market and also in the public
interest to do so, hereby grants, in exercise of the powers conferred by Section 12 of The International Financial
Services Centres Authority Act, 2019 and Section 4 of the Securities Contracts (Regulation) Act, 1956, read with
Regulation 7 of the International Financial Services Centres Authority (Bullion Market) Regulations, 2025 renewal of
recognition to it as a Bullion Exchange and a Bullion Clearing Corporation for three years, commencing on the 9th
day of December 2025 and ending on 8th day of December 2028 in respect of bullion contracts, subject to the
conditions stated herein below or as may be prescribed or imposed hereafter:
The Bullion Exchange and Bullion Clearing Corporation shall comply with conditions as may be
prescribed by IFSCA from time to time.
“Explanation:—“bullion contract‟ shall have same meaning as assigned to it under International Financial
Services Centres Authority (Bullion Market) Regulations, 2025.”
K. RAJARAMAN, Chairperson
[ADVT.-III/4/Exty./524/2025-26]
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.