India recognises the UAE Good Delivery gold standard

April 16, 2026 / 1:17 PM

Sharjah24: The UAE Good Delivery Standard has been recognised by the Multi-Commodity Exchange of India (MCX), marking a significant step towards strengthening global confidence in UAE-refined gold.

MCX announced it will list 100-gram gold bars from UAE Good Delivery-accredited refineries, reflecting growing trust in the integrity and transparency of the UAE’s gold supply chain.

Boost to UAE’s global gold position

Dr Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade and Chairman of the Emirates Bullion Market Committee, welcomed the move, calling it a strong endorsement of the UAE’s commitment to globally competitive trade standards.

He highlighted that the UAE continues to play a central role in the global gold trade, supported by robust regulatory frameworks aligned with international best practice.

Strengthening UAE–India trade ties

The development also underscores India’s importance to the UAE’s gold trade, particularly following the implementation of the Comprehensive Economic Partnership Agreement (CEPA) in 2022.

Significant growth in gold trade

Between 2022 and 2025, bilateral gold trade between the UAE and India rose from about $3 billion to $17 billion, reflecting strong growth and growing market confidence.

Enhancing market integration

The recognition highlights the deeper integration of UAE standards into India’s domestic gold market and reinforces the UAE’s standing as a trusted global hub for precious metals.