Hallmarking of Gold Jewellery in India Hallmarking of gold | UPSC PIB NEWS
Hallmarking of Gold Jewellery in India
Hallmarking of gold Jewellery to begin from 15th June.
Mandatory hallmarking of gold jewellery/artefacts was to be implemented from 15th Jan 2020 but was extended to 1st June 2021 to clear old stock of non-hallmarked jewellery.
In view of the Covid pandemic, this date has been extended further to 15th
Mandatory hallmarking will make jewellers selling gold jewellery and artefacts to register with Bureau of Indian Standards (BIS) and sell only hallmarked gold jewellery & artefacts.
The purpose of making hallmarking mandatory is to ensure that consumers are not cheated while buying gold ornaments and get the purity as marked on the ornaments.
This will enhance the credibility of the product and help to develop India as a leading gold market centre in the world.
According to World Gold Council, India has around 4 lakh jewellers, out of this only 35879 have been BIS certified.
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