India's gold industry establishes IAGES with WGC support for fair, transparent, and sustainable practices.

India's gold industry, the world's second-largest consumer, forms self-regulatory body IAGES with WGC backing to promote fair, transparent, and sustainable practices, increase consumer confidence, and address trust deficit due to poor practices. IAGES will ensure regulatory compliance, a code of conduct, and an audit framework, with industry associations such as the Indian Bullion and Jewellers Association involved. The initiative comes after a 5% drop in gold demand in Q2 of this year.