India’s massive gold refining industry has a big opportunity to export gold globally using the India International Bullion Exchange (IIBX) located in GIFT City, Gujarat.

​On October 15, 2026, the financial regulator in GIFT City (IFSCA) introduced new rules called the Good Delivery Guidelines, 2026.

​To earn a “Good Delivery” tag and sell gold internationally through GIFT City, Indian refiners must now:

​Trace Gold Origins: Prove where their raw gold comes from and avoid gold linked to war zones or illegal activities.

​Know Their Partners: Identify suppliers, verify who owns them, and report suspicious deals.

​Keep Deep Records: Store transaction details for at least 8 years.

​Pass Audits: Undergo independent checks every year and publish progress reports.

​For Exporters: These strict standards match global hubs like London and New York. This gives international buyers confidence in Indian gold, opening up global markets beyond India’s domestic consumption (800–850 tonnes per year).

​For Indian Consumers: Over time, it means cleaner sourcing, better quality checks, and fairer prices as local trade links directly with world markets.

​Experts say these rules build on India’s strong international rating against money laundering. However, the system’s success depends on how quickly officials set up auditor lists, finalize refinery checks, and launch trading platforms for these verified gold bars.