Stories
IFSCA Issues New Good Delivery Guidelines to Boost Responsible Gold Sourcing
- •The International Financial Services Centres Authority introduced the Good Delivery Guidelines, 2026, to promote traceability and transparency in the bullion market.
- •The framework enables domestic and international refiners to supply gold through the India International Bullion Exchange at GIFT City by meeting strict ESG standards.
- •Refiners must conduct supply-chain due diligence, assess sourcing risks, maintain traceability, and undergo independent assurance aligned with OECD principles.
- •The guidelines aim to reduce dependence on limited international good delivery lists and connect Indian refiners with global markets.
Key Questions Answered
The Good Delivery Guidelines, 2026, introduced by the IFSCA establish a framework to promote responsible sourcing, traceability, and transparency in the bullion market. They provide a pathway for domestic and international refiners to supply gold through IIBX at GIFT City by complying with technical standards and ESG requirements.
The guidelines draw upon internationally recognized responsible sourcing principles, specifically including the Organisation for Economic Co-operation and Development's (OECD) Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas.
Domestic refiners can benchmark their operations against international standards and connect with global markets, while international refiners gain a transparent route to access India's substantial gold demand. This framework aims to widen participation in IIBX, reduce dependence on limited international lists, and deepen India's integration with global bullion markets.
