IBJA IGM

IBJA-IGM BENCHMARK PRICE PRIVATE LIMITED

About this app

IBJA-IGM – Digital Rate Polling Platform

The IBJA-IGM app is the official digital rate polling platform of the Indian Bullion and Jewellers Association (IBJA), designed to modernize and streamline the process of declaring spot rates for Gold and Silver across India.

What is IBJA-IGM? IBJA has been the trusted authority in declaring benchmark spot rates for Gold and Silver in India for decades. These rates — declared twice daily as AM and PM rates — are determined by aggregating price inputs from key participants across the Gold and Silver value chain. The IBJA-IGM app brings this critical process into the digital age.

How It Works Participants across the value chain can now submit their rate inputs directly through the app — quickly, securely, and from anywhere. Twice a day, during designated polling windows, participants enter their quoted rates for Gold 995 and Silver 999. The average of all submitted rates is then used to declare the official IBJA spot rate.

Key Features
• Digital Price Polling – Submit your Gold 995 and Silver 999 rates conveniently through your mobile device
• Time-Bound Sessions – Participate in structured AM and PM polling windows with fixed durations
• Edit Flexibility – Update your submitted rate anytime within the open polling window
• Secure & Locked Sessions – Once the polling window closes, no further entries or edits are permitted, ensuring integrity and accuracy
• Transparent Rate Declaration – Rates are calculated as a fair average of all participant submissions after eleminating only 1 highest and 1 lowest rate polled.
• Built for Bullion Industry – Designed exclusively for IBJA-registered participants in the Gold and Silver value chain

Who Is This App For? This app is intended for authorized IBJA participants including bullion dealers, refiners, jewellers, and other stakeholders in India's Gold and Silver market who are registered to participate in the rate polling process.

Why IBJA-IGM? By replacing the traditional telephonic polling process with a secure digital platform, IBJA-IGM ensures greater speed, accuracy, transparency, and convenience in declaring India's benchmark bullion spot rates.

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