Ongoing Projects 2024

Assessing the India International Bullion Exchange (IIBX)

The objective of the study is assessing the India International Bullion Exchange (IIBX). To discover what changes can encourage more traders to participate in IIBX and help the exchange reach its full potential. Assess whether the expected advantages of trading on IIBX are being felt by participants, the broader gold market, and the economy overall. Identify necessary adjustments to regulations that could improve participation rates, increase trade volume, and ensure the long-term success of IIBX.

Sponsor: Pahle India Foundation (PIF), Delhi

PRICE Research Team: Rajesh Shukla, Pooja Sharma, Asha Sharma, Rajender Singh, Tanvi Shukla and Shailendra Dubey

Pahle India Foundation (PIF) research team: Ishan Joshi and Aditi Rawat 

2024 Assessing the India International Bullion Exchange (IIBX)
Sponsor Pahle India Foundation (PIF)
Objectives The objective of the study is assessing the India International Bullion Exchange (IIBX). To discover what changes can encourage more traders to participate in IIBX and help the exchange reach its full potential. Assess whether the expected advantages of trading on IIBX are being felt by participants, the broader gold market, and the economy overall. Identify necessary adjustments to regulations that could improve participation rates, increase trade volume, and ensure the long-term success of IIBX.
Coverage 21 Cities from India’s 11 states
Sample Design Simple random sampling
Sample Size  Approx. 100 respondents from the IIBX Traders category and 200 respondents from the non-IIBX Traders category
Data Collection Method Face-to-face questionnaire-based approach (CAPI)
Respondents The owner of trading company, or a senior member directly involved in gold bullion trading
Survey period November-December 2024