The UAE’s push to strengthen transparency in gold trading has secured a major international endorsement, with India’s Multi Commodity Exchange deciding to list gold bars produced under the UAE Good Delivery Standard.
The move signals growing global confidence in the country’s regulatory framework and its role in the precious metals market.
The Multi Commodity Exchange of India will now include 100 gram gold bars manufactured by refineries accredited under the UAE Good Delivery Standard. The decision reflects increasing trust among global market participants in UAE refined gold and points to deeper integration between the UAE and India’s gold trading ecosystems.
Dr. Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade and Chairman of the Emirates Bullion Market Committee, described the development as a strong validation of the UAE’s commitment to international best practices. He emphasized that responsible sourcing and robust regulation remain central to the country’s position as a leading global gold hub.
The recognition also highlights the growing importance of India within the UAE’s gold supply chains. Since the implementation of the Comprehensive Economic Partnership Agreement in 2022, bilateral gold trade has expanded significantly, rising from around 3 billion dollars to 17 billion dollars by 2025.
This surge underscores the strength of UAE standards beyond trade incentives alone. As one of the world’s largest gold consuming markets, India continues to rely on the UAE as a trusted partner, reinforcing the country’s standing in global bullion trade.
News Source: Emirates News Agency
