New gold accreditation guidelines could open export markets for Indian refiners

The Economic Times reports that India refines 1,200 tonnes of gold while consuming 800–850 tonnes annually. Guidelines issued October 15 set responsible-sourcing, audit and disclosure requirements for refiners seeking Good Delivery accreditation. Gold meeting the standards could be traded through GIFT City's India International Bullion Exchange, but the export opportunity depends on putting accreditation procedures, approved auditors and trading systems in place.