India Bullion and Jewellers Association Ltd. (IBJA)

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India Bullion and Jewellers Association Ltd. (IBJA) was established in 1919, as a result of the prevailing circumstances in the market that warranted an association with multi-faceted approach to the problems and challenges faced by the bullion traders in a newly liberated India. The IBJA has grown in its reach, stature and reputation over the years since its creation. It has proved to be an unbiased platform and is now considered the Apex association for all bullion and jewellery associations in India. Presently India is the world's largest consumer of Gold bullion, gold jewellery and gold ornaments. IBJA publishes daily Gold AM and PM Rates. These rates are benchmark rates for issue of Sovereign and Bonds as per various notification issued by Ministry of Finance and Reserve Bank of India. IBJA and rates are also benchmark rates for Lending against Jewellery by NBFC and Bank as per RBI notification. IBJA has offices in 29 states and is part of all Govt. Committees for Gold. IBJA is constantly engaged in Promotion of trade through Exhibition called Kashmir to Kanyakumari. Currently IBJA is setting up its own Domestic Gold Spot exchange, Bullion refinery and gems & jewellery park spread in 87 area of land in Navi Mumbai.