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SBI executes first gold trade as Special Category Client on India International Bullion Exchange (IIBX).

Economy Business | Dated: 06 Nov 2025

The State Bank of India (SBI) executed its first gold trade as a Special Category Client (SCC) on the India International Bullion Exchange (IIBX), located at GIFT City, Gandhinagar. This move signals the formalization of gold imports by major banks through the exchange, enhancing transparency, and streamlining the process. SBI's participation is expected to significantly boost the liquidity and trading volume of the IIBX, which is regulated by the International Financial Services Centres Authority (IFSCA).

🎯 Key Highlights:

  • SBI executed its first gold trade as a Special Category Client (SCC).
  • The trade was executed on the India International Bullion Exchange (IIBX).
  • The IIBX is located at GIFT City, Gandhinagar, and is regulated by IFSCA.

💡 Other Important Facts:

  • SBI’s participation is expected to significantly boost the trading volume.
  • This move enhances transparency in gold transactions.
  • The IIBX was inaugurated in July 2022.

📚 Test Your Knowledge:

SBI has joined IIBX under which specific client category?

Correct Answer: Special Category Client (SCC)

🚀 Quick Recap:

About IIBX

  • (i) Location – GIFT City, Gandhinagar (ii) Regulator – IFSCA (International Financial Services Centres Authority)
  • (iii) Goal – Modernize India's gold import ecosystem (iv) SBI Status – Special Category Client (SCC)