Gold certified under the UAE’s “Good Delivery” program has been officially listed on the Indian Multi Commodity Exchange

The Indian Multi Commodity Exchange (MCX) officially announced its recognition of the UAE Good Delivery programme, which was launched earlier, with the aim of ensuring the integrity and transparency of gold supply chains in the UAE.

The exchange will begin listing 100-gram gold bullion produced by refineries approved under the UAE Good Delivery Programme.

This step reflects the level of trust that the business community and international institutions have in Emirati refined gold, as well as enhancing the integration of the Emirati good delivery standard within the gold market system in India.

Dr. Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade and Chairman of the UAE Gold Bullion Market Committee, welcomed this qualitative step as an explicit recognition of the UAE’s commitment to promoting competitive trade standards at the global level, standards that have contributed to consolidating the country’s position as a leading international center in the precious metals industry.

He said that the UAE is one of the most prominent global centers for gold trade, and our commitment to standards of integrity and transparency constitutes the cornerstone of the trust and prestige that we have gained from gold trading communities around the world, while the UAE Good Delivery Program is one of the most prominent pillars of the established regulatory framework that we have established in a way that meets and often exceeds approved international standards.

He added that the Indian Multi Commodity Exchange’s decision to list gold issued by accredited refineries under the Good Delivery Program reflects international confidence in the solidity of the standards applied in the gold sector in the UAE.

This listing also reflects the strategic importance that India occupies in the UAE gold supply chains.

Gold trade has made a pivotal contribution to the significant increase witnessed in non-oil trade between the UAE and India after the Comprehensive Economic Partnership Agreement entered into force in 2022.

Between 2022 and 2025, the value of bilateral trade in gold jumped from about 3 billion US dollars to 17 billion dollars, which embodies the exceptional value provided by the UAE Good Delivery Program apart from the preferential benefits stipulated in the Comprehensive Economic Partnership Agreement between the UAE and India.

This performance confirms the depth of confidence placed by traders in the Indian market, which is among the largest in the world, in the UAE’s good delivery standards and the country’s advanced infrastructure in the areas of refining, regulation and trade.