The UAE Good Delivery Standard, designed to enhance the transparency, accountability, and overall integrity of the country’s gold supply chains, has been recognized by the Multi Commodity Exchange of India (MCX), marking a major milestone in the UAE’s efforts to align its precious metals practices with global standards.
The Exchange has announced that it will now list 100-gram gold bars produced by UAE Good Delivery-accredited refineries, highlighting the confidence that the international gold trading community places in UAE-refined gold.
This move also underscores the increasing integration of the UAE Good Delivery Standard into India’s domestic gold market.
Dr. Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade and Chairman of the Emirates Bullion Market Committee, welcomed the announcement as a clear demonstration of the UAE’s commitment to fostering globally competitive trade standards. He noted that this recognition further strengthens the UAE’s position as a leading international hub for the precious metals industry.
The listing also emphasizes the critical role of India in the UAE’s gold supply chains. Gold trade has significantly contributed to the growth of bilateral non-oil trade, particularly following the entry into force of the Comprehensive Economic Partnership Agreement (CEPA) between the two nations in 2022.
Dr. Thani bin Ahmed Al Zeyoudi UAE Minister of Foreign Trade
“The UAE plays a central role in global gold trade, and our commitment to responsible sourcing underpins the trust we have built with partners worldwide. The UAE Good Delivery Standard is a core component of the robust regulatory framework that we have developed to meet, and in many cases exceed, global best practice. The Multi Commodity Exchange of India’s decision to list gold from Good Delivery-accredited refineries is a strong affirmation of the standards that guide our sector.”
Between 2022 and 2025, bilateral gold trade values surged from approximately $3 billion to $17 billion, underscoring the strong value proposition of UAE Good Delivery well beyond the preferential provisions offered under CEPA. This remarkable growth reflects the sustained confidence of market participants, who continue to recognize the UAE as a trusted and reliable partner for one of the world’s largest gold-consuming markets.
