Tension is rising in the gold trade as GoldBod has summoned six gold service providers for what insiders describe as a high-stakes compliance check that could shake up the industry.
The move signals a tough new stance on regulatory enforcement, with authorities reportedly scrutinizing documentation, sourcing practices, and operational standards. Industry observers say the summons sends a clear message: no shortcuts, no exceptions.
While details of the specific concerns remain under wraps, analysts believe the action forms part of a broader effort to tighten oversight, boost transparency, and clamp down on irregularities within the gold value chain.
Stakeholders are now watching closely to see whether the compliance review will lead to sanctions, reforms, or a wider industry audit.
