IAGES opens registrations for Mumbai gold entities to elevate the Gold Industry Standard in India

The Indian Association for Gold Excellence and Standards (IAGES), a Self-Regulatory Organisation (SRO), is set to implement a framework for the current gold ecosystem by promoting fair, transparent, and sustainable practices under a strict Code of Conduct that outlines the standards.

As a first step, IAGES has opened registrations for accreditation for Mumbai gold entities. The IAGES accreditation framework encompasses the entire gold value chain, which includes Refining, Bullion trading, Manufacturing, Assaying and hallmarking, as well as retailing and digital gold selling.

“The gold industry in India is still largely unorganised and fragmented. With IAGES, the gold sector is collectively striving to encourage fair, transparent and responsible practices among retailers across their value chain, thereby enabling them to incorporate the highest standards in their businesses. This will not only enhance the sense of responsibility among them but also directly impact the trust among consumers. Many retailers already enjoy consumer trust built over decades, and IAGES aims to help further strengthen and standardise that trust across the industry,” said Kaushlendra Sinha, CEO, IAGES