Page 40 - Bullion World Volume 4 Issue 9 September 2024_Neat

Bullion World | Volume 4 | Issue 9 | September 2024
B ullion W orld | V olume 4 | I ssue 9 | S ep t ember 2024

The Indian Association for Gold Standardization (IAGES)
is dedicated to unifying the Indian gold industry through
adherence to key principles that are closely modeled
after the World Gold Council’s Retail Gold Investment
Principles. This initiative aims to significantly enhance
consumer confidence and trust in the Indian gold market
by championing fair and transparent practices. By
ensuring rigorous regulatory compliance, developing
comprehensive codes of conduct, and implementing
a robust audit framework, IAGES seeks to set new
benchmarks for excellence and integrity within the
industry.

This initiative is entirely driven by stakeholders within the
Indian gold industry, for the benefit of the industry itself,
with a primary focus on elevating industry standards
and promoting ethical practices. IAGES represents a
collaborative effort formed in association with several
key organizations: The Gems and Jewellery Council
(GJC), The Gems & Jewellery Export Promotion Council
(GJEPC), The India Bullion and Jewellers Association
(IBJA), and The World Gold Council (WGC). Through
this unified approach, IAGES aims to foster a more
transparent, accountable, and trustworthy gold market
in India.

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