Standardisation in quality and price of gold had been a long standing problem in India. Existence of multiple caratage, discrepancy in fineness, and mismatch in purity of the gold are only few of the many existing problems in the gems and jewellery sector. In the last decade the Government of India in consultation with the industry had taken several steps to bring transparency in the standards of gold and gold jewellery traded in India. Although, these steps were able to bring some amount of uniformity in the sale and purchase of jewellery, the larger issue of standardisation still remains. To further the conversation Pahle India Foundation organised a half day closed door roundtable titled “Creating Standards in Gold Value Chain in India” on 23rd January 2018 in New Delhi. The discussion was chaired by Shri N K Sharma, Director, BIS and was attended by selected industry participants from the gems and jewellery industry, refineries, assaying and hallmarking agencies.