The listing also reflects the importance of India to the UAE’s gold supply chains
The UAE Good Delivery Standard, introduced to reinforce the integrity and transparency of the country’s gold supply chains, has been recognized by the Multi Commodity Exchange of India (MCX).
The Exchange has announced that it will now list 100-gram gold bars produced by UAE Good Delivery-accredited refineries, underscoring the trust the international gold trading community places in UAE-refined gold, as well as the growing integration of the UAE Good Delivery Standard into India’s domestic gold market.
Robust regulatory framework
“The UAE Good Delivery Standard is a core component of the robust regulatory framework that we have developed to meet, and in many cases exceed, global best practice. The Multi Commodity Exchange of India’s decision to list gold from Good Delivery-accredited refineries is a strong affirmation of the standards that guide our sector,” affirmed HE Dr. Thani Bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade and Chairman, Emirates Bullion Market Committee.
The listing also reflects the importance of India to the UAE’s gold supply chains. Gold trade has been a key contributor to the increase in bilateral non-oil trade following the entry into force of the Comprehensive Economic Partnership Agreement (CEPA) between the two nations in 2022.
