What is India's 1st International Bullion Exchange to be launched by PM Modi today?

PM Narendra Modi will launch ​​India’s first bullion exchange- the India International Bullion Exchange (IIBX) in Gujarat’s GIFT City on Friday. Announced in 2020's Budget, the IIBX will sell physical gold and silver and is expected to bring transparency to the price-setting mechanism while providing standardisation to bullion's financialisation in India. Ashok Gautam will be its MD and CEO.