Indian Bullion Market Association (IBMA) is the national level body being set-up to represent the Indian bullion trade and industry. It is a consortium of leading bullion dealers and jewellery merchants of India, who have joined hands with National Spot Exchange Limited, the pan India Electronic Spot Market for commodities.

The idea is to promote a professional organization dedicated towards the growth and development of bullion trade and industry. IBMA is committed to identify the inefficiencies involved in Indian bullion market and to create a momentum to remove such inefficiencies in a gradual but steady manner.