IGM appoints Nirakar Chand as MD of BullionX
India Gold Metaverse has named former Diamond India CEO Nirakar Chand managing director of its Mumbai-based bullion trading platform BullionX. Chand will lead growth, industry engagement and nationwide market development for the platform.
What happened
India Gold Metaverse appointed former Diamond India CEO Nirakar Chand as managing director of Mumbai-based bullion trading platform BullionX to lead growth,
Key facts
- Nearly four decades of experience
- Four core IGM platforms
Why this matters
Chand’s industry network and market-development mandate could improve BullionX’s partnership pipeline across bullion suppliers, dealers and adjacent financial-services players.
What to watch
- New BullionX partnerships with refineries, jeweller chains, vaulting firms, banks or industry associations.
- Announcements of regional offices, dealer-network additions or senior commercial hires.
- Reported growth in active traders, transaction value, delivered bullion volume or institutional clients.
- New features covering digital gold conversion, physical delivery, financing, hedging or compliance workflows.
- Regulatory developments affecting digital gold, bullion trading, KYC or storage standards in India.
- Recruit senior sales and regional market-development leaders in major bullion hubs such as Mumbai, Ahmedabad, Jaipur, Delhi and Chennai.
- Pursue tie-ups with refineries, vaulting/logistics operators, jeweller associations and high-volume bullion dealers.
- Launch credibility-building initiatives around transparent pricing, delivery assurance, purity certification and compliance.
- Expand institutional trading, dealer onboarding and recurring procurement tools before broad consumer acquisition.