SBI executes inaugural gold trade on bullion exchange
market hours1 source ↓written by the desknot a recommendation
State Bank of India (SBI) has executed its first gold trade as a special category client on the India International Bullion Exchange (IIBX). This move is expected to enhance efficiency and transparency in bullion imports, particularly benefiting MSME jewellers. SBI aims to streamline transactions and meet the growing demand for gold in India.
The initiative marks a significant step in financial inclusion and innovation within the sector.
Not investment advice. For informational purposes only.