Page 27 - Bullion World Volume 03 Issue 07 July 2022

B ullion W orld | V olume 5 | I ssue 09 | S ep t ember 2025
Bullion World | Volume 5 | Issue 09 | September 2025
Why the Market Needs a Self-Regulatory Why This Matters for You and Me
Organisation For Customers:
The Reserve Bank of India (RBI) and the Bureau of Buying from an IAGES-accredited jeweller means
Indian Standards (BIS) have introduced important peace of mind. You know that the gold is pure,
measures to make the gold market more transparent – honestly sourced, and sold by a business that follows
like mandatory hallmarking in most parts of India. recognised ethical practices.

But there’s still a gap: a single platform led by the For Businesses:
industry itself that can set the same standards for Membership builds credibility, strengthens reputation,
everyone and give customers confidence in what they and makes compliance with rules easier. It also helps
are buying. them compete on a global level, where customers and
investors expect high transparency.
That’s exactly where IAGES steps in.
The Vision – Every Gram, a Symbol of Trust
IAGES – By the Gold Industry, Over time, as more refiners, jewellers, and traders
For the Gold Industry adopt IAGES standards, the entire industry could
The Indian Association for Gold Excellence and transform. Imagine a market where whether you buy
Standards (IAGES) is a self-regulatory organisation gold in a big city showroom or a small-town shop, you
created by the gold industry, for the gold industry. can be certain of its purity, authenticity and can trust
the seller with confidence.
It is supported by leading Associations in the Gold
sector like All India Gems and Jewellery Domestic This isn’t just about consumer trust – it is about India’s
Council (GJC) and India Bullion and Jewellers position in the global gold market. By following best
Association (IBJA) besides other institutions which practices, we can not only protect our domestic
are getting on board. To administer a robust framework buyers but also boost exports, attract investment, and
of assessment, IAGES has executed a Partnership with showcase Indian craftsmanship to the world.
ICAI – The Institute of Chartered Accountants of
India for their compliance and audit expertise Shaping the Future, Together
Gold will always hold a special place in India’s heart.
The idea is straightforward – unite every part of the But how we trade it will decide the future of our
gold value chain under one roof, define clear quality industry. IAGES offers a way forward – a chance for
and ethical benchmarks, and make sure customers the gold community to come together, set its own
can easily identify businesses that meet these standards, and shine brighter than ever.
standards.
It is often said that, gold’s true value lies not just in its
What Exactly Does IAGES Do? sparkle, but in the trust it inspires.
Here’s how IAGES is working to change the game:
• Set Consistent Standards – Ensures gold business
in India meets the same benchmarks everywhere,
in line with BIS guidelines and other respected
business practices.
• Simplifies Compliance – Helps jewellers, traders,
and refiners follow RBI, BIS, and other regulations
without confusion.
• Accreditation Programme – Businesses that meet
IAGES’ standards can earn an Accreditation and
display proudly the IAGES mark of trust.
• Independent Audits – Uses third-party audits for
promoting level of compliance and good business
practices.

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