The International Financial Services Centres Authority (IFSCA) has notified the IFSCA (Good Delivery) Guidelines, 2026, establishing a framework for responsible sourcing, quality assurance and traceability in gold refining. The Gem and Jewellery Export Promotion Council (GJEPC) has called for swift implementation and international recognition of the India Good Delivery Gold framework.

The guidelines, notified on October 15, 2026, are intended to strengthen transparency and accountability in the gold supply chain. The framework will be implemented through the India International Bullion Exchange (IIBX) at GIFT City, Gujarat.

GJEPC has said that international recognition of Indian-refined gold would help improve its acceptance in overseas markets and create opportunities for bullion exports. The framework is expected to support refiners in demonstrating compliance with responsible sourcing requirements and strengthen confidence among international bullion market participants.

The development comes as responsible sourcing and supply chain transparency gain importance in the global precious metals trade. A recognised domestic framework could help Indian refiners align with international expectations while supporting the country’s ambitions to expand its role in global bullion markets.

For India’s gem and jewellery industry, the framework could have implications beyond refining, particularly for exporters seeking reliable access to responsibly sourced precious metals. Its impact will depend on implementation, industry adoption and acceptance by international market participants.

GJEPC has urged the authorities to expedite the rollout and pursue global recognition to ensure that Indian refiners can benefit from the framework.