International News
LBMA Updates Good Delivery Rules Ahead of 2026 Implementation
Revised Standards Tighten Marking, Monitoring and Compliance Requirements to Enhance Market Integrity
The London Bullion Market Association has announced revisions to its Good Delivery Rules and procedures, effective 1 January 2026, following work carried out this year on the GDL application process. The changes aim to strengthen process integrity, with a broader consultation planned for 2027.
Key updates include a ban on non-Roman, including Cyrillic, lettering in serial numbers and fineness marks, tighter timelines for Proactive Monitoring (PAM) with limited extensions, and a new requirement that all stamps and markings be placed at least 10 mm from the edge of a bar. The rules also formalise periodic compliance and Responsible Sourcing reviews when requested.
No changes have been made regarding the use of QR codes on London Good Delivery bars, and refiners may continue using their own moulds for PAM purposes.
International News
MCX Gold Higher On Ceasefire Hopes, Crude Oil Price Dip
Globally, A Softer US Dollar and Sliding Energy Prices Provided A Strong Tailwind For Precious Metals
Renewed expectations of a diplomatic resolution to Middle Eastern conflicts sent ripples through the commodities market on June 3. On the MCX, June gold futures rose 0.26% to Rs. 1,58,930 per 10 grams, while July silver futures saw a modest 0.07% bump to Rs. 2,63,150 per kg. Conversely, physical retail gold saw a marginal dip, with 24K gold landing at Rs. 1,56,110 per 10 grams in Mumbai and Kolkata, Rs. 1,56,260 in Delhi, and Rs. 1,57,970 in Chennai.
Globally, a softer US dollar and sliding energy prices provided a strong tailwind for precious metals on Thursday. Spot gold advanced 0.4% to $4,450.16 per ounce, while August futures settled at $4,477. In contrast, crude benchmarks trended downward as geopolitical risks premium eased; Brent crude fell 0.85% to $96.87 a barrel, and WTI dropped 0.95% to $95.11. Other precious metals also closed in positive territory, with spot silver, platinum, and palladium gaining 0.8%, 0.2%, and 0.5% respectively.
Lesotho’s Kao Diamond Mine To Halt Operations Amid Industry Slump
MCX Gold Higher On Ceasefire Hopes, Crude Oil Price Dip
GIA To Open London Campus In August, Enrolling Students For Classes Beginning In August 2026
Harit Zaveri Jewellers Celebrates A Bride’s Royal Spirit In An Indian Wedding With Its New Polki Collection
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