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    HomeNewsBusinessMarketsGIFT City-based IIBX struggles with gold derivatives as volumes fail to pick up

    GIFT City-based IIBX struggles with gold derivatives as volumes fail to pick up

    The spot gold volumes, however, have fared well since the time of launch in 2022. The total traded value for spot gold increased to $505 million in FY23 from $22 million in FY22. The total traded volume has increased from 0.4 metric ton in FY22 to 7.9 metric ton in FY23.

    Srushti Vaidya
    September 30, 2024 / 15:34 IST
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