India is the world’s second-largest gold consumer, yet its bullion export contribution remains negligible due to fragmented regulations, a lack of London Bullion Market Association (LBMA) accreditation, and distorted duty structures. This study examines the operational dynamics of the India International Bullion Exchange (IIBX) at GIFT City, India’s domestic refining capacity, and benchmark frameworks from Switzerland, Japan, and Dubai. Using policy analysis, trade data, and institutional reviews, the paper identifies under-utilized refining capacity and the absence of globally recognized certification as primary export barriers. Findings indicate that rationalizing duty structures, operationalizing domestic accreditation under the IFSCA Good Delivery Guidelines, and deepening IIBX integration with domestic refineries and export channels are critical to unlocking competitiveness. The study proposes a coordinated policy framework that aligns sovereign certification standards with enhanced refining utilization and diversified sourcing, providing a strategic roadmap to position India as a credible global bullion hub by 2030.