Gold Hallmarking

Hallmarking of gold jewellery is a must from today, in a move aimed at ensuring the purity of gold and standard rates for customers.

The Centre on Tuesday said mandatory hallmarking of gold jewellery and artefacts will come into force from June 16 in a phased manner and initially will be implemented in 256 districts.

In November 2019, the government had announced that hallmarking of gold jewellery and artefacts would be made mandatory across the country from January 15, 2021

Analysts say that listed jewellery retailers and makers will benefit from government's move for mandatorily hallmarking gold jewellery.

The government on Monday extended its deadline for mandatory hallmarking of gold jewellery to June 15 from its previous deadline of June 1.

"Looking ahead, 2020, we expect policy-led and industry-led initiatives to bring a marked shift in making the industry more transparent and organised," said Somasundaram PR, Managing Director, India, World Gold Council.

Mandatory hallmarking process of gold jewellery and artefacts will begin from today, Ministry of Consumer Affairs said in a press release.

Hallmarking of gold jewellery and artefacts will be made mandatory across the country from January 15, 2021, to ensure the purity of the precious metal, Consumer Affairs Minister Ram Vilas Paswan announced on Friday.

The department of consumer affairs will issue a notification by January 15, 2020, for making gold hallmarking mandatory.

Gold Shopping: If you're looking at buying gold purely as an investment, then opting for gold coins or biscuits might be a better idea.

Guaranteed purity, hallmarking and standardisation are likely to increase the consumer appetite for Indian Gold Coin, with 85 per cent respondents saying the government's backing made it extremely relevant, World Gold Council said in a report here.

Indian Association of Hallmarking Centres, which represents around 350 hallmarking centres across India, estimates that only 40 per cent of jewellery is hallmarked in the country.

The UK has only four assay offices but overall penetration of hallmarking is high because it is mandatory on all jewellery above a gram.

After about 15 years of launching a hallmarking scheme for gold jewellery, the government now plans to give it legal recognition through amendment to Bureau of Indian Standards (BIS) Act but is yet to take a call on making the process mandatory.

It will take a long time before every goldsmith and jeweller in the country sells hallmarked gold.

Hallmarking of gold jewellery is a must from today, in a move aimed at ensuring the purity of gold and standard rates for customers.

The Centre on Tuesday said mandatory hallmarking of gold jewellery and artefacts will come into force from June 16 in a phased manner and initially will be implemented in 256 districts.

In November 2019, the government had announced that hallmarking of gold jewellery and artefacts would be made mandatory across the country from January 15, 2021

Analysts say that listed jewellery retailers and makers will benefit from government's move for mandatorily hallmarking gold jewellery.

The government on Monday extended its deadline for mandatory hallmarking of gold jewellery to June 15 from its previous deadline of June 1.

"Looking ahead, 2020, we expect policy-led and industry-led initiatives to bring a marked shift in making the industry more transparent and organised," said Somasundaram PR, Managing Director, India, World Gold Council.

Mandatory hallmarking process of gold jewellery and artefacts will begin from today, Ministry of Consumer Affairs said in a press release.

Hallmarking of gold jewellery and artefacts will be made mandatory across the country from January 15, 2021, to ensure the purity of the precious metal, Consumer Affairs Minister Ram Vilas Paswan announced on Friday.

The department of consumer affairs will issue a notification by January 15, 2020, for making gold hallmarking mandatory.

Gold Shopping: If you're looking at buying gold purely as an investment, then opting for gold coins or biscuits might be a better idea.

Guaranteed purity, hallmarking and standardisation are likely to increase the consumer appetite for Indian Gold Coin, with 85 per cent respondents saying the government's backing made it extremely relevant, World Gold Council said in a report here.

Indian Association of Hallmarking Centres, which represents around 350 hallmarking centres across India, estimates that only 40 per cent of jewellery is hallmarked in the country.

The UK has only four assay offices but overall penetration of hallmarking is high because it is mandatory on all jewellery above a gram.

After about 15 years of launching a hallmarking scheme for gold jewellery, the government now plans to give it legal recognition through amendment to Bureau of Indian Standards (BIS) Act but is yet to take a call on making the process mandatory.

It will take a long time before every goldsmith and jeweller in the country sells hallmarked gold.