Electronic Forward and Spot Commodity Exchange Ltd. (EFSC) is a joint venture established to create a transparent, efficient, and regulated marketplace for bullion (gold and silver) trading in India. The initiative aims to formalize India's bullion trade by providing a national-level spot exchange platform. This platform is designed to ensure fair price discovery, guarantee the quality of the traded bullion, and facilitate the settlement of trades, ultimately leading to the creation of the India International Bullion Exchange (IIBX).

Founded in

India