Gold Industry SRO, IAGES: India has taken a historic step in global bullion governance with the launch of the Indian Association for Gold Excellence and Standards (IAGES)—the world’s first Self-Regulatory Organisation (SRO) dedicated exclusively to gold industry. The newly formed body has officially commenced operations with Kaushlendra Sinha as Chief Executive Officer.
Sinha, an industry veteran, brings rich experience to his new role. He has previously served as Executive Director at CII and held leadership positions across reputed firms including Shapoorji Pallonji Group and APCO Worldwide. His appointment signals a professional and forward-looking approach to shaping India’s gold market.
Backed by Industry Leaders
IAGES has been created by the gold industry, for the gold industry, with the support of leading trade associations including India Bullion and Jewellers Association (IBJA) and All India Gem and Jewellery Domestic Council (GJC). The Institute of Chartered Accountants of India (ICAI) has partnered as the assessment body. World Gold Council also played an important role in IAGES formation.
As an independent self-regulator, IAGES is committed to driving transparency, accountability, trust, and sustainability throughout the gold value chain. Its central mission is to foster organized growth while building consumer confidence in gold.
Global Standards, Local Impact
Operating autonomously, IAGES promises a level playing field for all stakeholders while aligning Indian practices with international benchmarks. By addressing both domestic needs and global expectations, it aims to position India as a frontrunner in gold industry reforms.
At its core, IAGES has introduced a comprehensive Code of Conduct, laying down ethical standards to guide industry players and promote fairness and integrity. Alongside this, a robust accreditation framework ensures that only businesses meeting stringent criteria of quality, transparency, and ethical conduct will earn the IAGES seal of approval.
Driving Sustainability in Gold
Beyond governance, IAGES is equally focused on sustainability. The body advocates responsible sourcing, eco-friendly operations, and socially ethical practices, aiming to reduce environmental impact and strengthen the sector’s credibility on the global stage.
A New Era for Indian Gold
With its structured approach to standards, accreditation, and sustainability, IAGES emerges as a pioneering model for self-regulation. This landmark initiative not only enhances India’s domestic gold market but also cements the country’s position as a leader in shaping the future of global bullion trade.
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The information provided in this article is for informational purposes only and reflects the views of industry experts. Before making any investment decisions, it is recommended that you consult a financial advisor. The team at Gold Price Today does not engage in personal buying, selling, or trading of gold or silver on exchanges. We are not responsible for any gains or losses incurred based on the information presented here.
