Title

Malaysia Gold Industry Principle (MGIP) – Governing charter

Commenting Period

15 Jun 2026 – 15 July 2026

Highlight

The Malaysia Gold Industry Principles (MGIP) were initiated by the Malaysia Gold Association (MGA) as an industry-led framework to strengthen governance, transparency, and integrity across Malaysia’s gold value chain. The MGIP, co-chaired by the World Gold Council (WGC), reflecting a shared commitment to align Malaysia’s aspiration to become a cost-effective and efficient market for refiners, traders, jewellery manufacturers, logistics providers, and investment institutions with internationally recognised best practices, while ensuring that the standards remain practical, proportionate, and suited to the Malaysian regulatory and commercial environment.

Scope

This document sets out the Malaysia Gold Industry Principles (MGIP) applicable to entities operating within Malaysia’s gold industry. It applies to activities across the gold value chain as follows:

1. refining;
2. wholesale and trading;
3. manufacturing;
4. assaying and hallmarking;
5. retail;
6. financial and investment products linked to gold; and
7. gold-backed micro-financing.

This document also specifies requirements applicable to Shariah‑compliant gold related activities.

The MGIP applies to midstream and downstream gold industry activities only. Upstream mining activities, including exploration, extraction, and primary production, are excluded, as these fall under separate regulatory, environmental, and sovereign jurisdictional frameworks.

This ensures clear scope focus and avoids duplication with existing mining authorities. Nevertheless, participants are encouraged to exercise due diligence in sourcing so as to align with internationally recognised responsible gold standards.

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