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The Economic Times

Business

IIBX plans to bring bullion to Bengal’s doorstep with Kolkata vault by Diwali

IIBX Kolkata Bengal Gold India Suvankar Sen West Bengal Chennai GIFT City

The India International Bullion Exchange (IIBX) will open its own bullion vault in Kolkata by Diwali, allowing jewellers in West Bengal to take delivery locally instead of sourcing gold from Chennai or GIFT City, its MD and CEO Ashok Gautam said on Wednesday.

"IIBX is set to open its own vault in Kolkata by Diwali, enabling jewellers in Bengal to take delivery locally instead of sourcing it from Chennai or GIFT City," Gautam said at the ICC Gems & Jewellery Summit.

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