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 |