Gold Hallmarking

Sale of gold jewellery and gold artefacts hallmarked with only a six-digit alphanumeric HUID -- union identification number -- will be permitted from April 1, the government said on Saturday. This means the sale of old hallmarked jewellery with four logos without HUID (Hallmark Unique Identification) number will not be allowed after March 31. A decision in this regard was taken after due consultation with stakeholders on January 18 in a bid to safeguard the interest of consumers, the consumer affairs ministry said in a statement. Gold hallmarking is a purity certification of the precious metal. It was voluntary in nature til June 16, 2021. It may be noted that prior to the implementation of the six-digit HUID number, hallmarking of gold jewellery consisted of four marks -- BIS logo, purity of the article as well as the logo of the jeweller and Assaying and Hallmarking Centre. The six-digit HUID number was introduced from July 1, 2021. After the introduction of HUID, the hallmark

The price of the gold depends on the karat which is a measurement of the purity of a piece of gold

There are two ways in which you can get your ornaments hallmarked in order to make them marketable

The government on Saturday said the second phase of mandatory hallmarking of gold jewellery and artefacts will come into force from June 1 this year. Gold hallmarking is a purity certification of the precious metal and was voluntary in nature till June 16, 2021, when the government decided to implement mandatory gold hallmarking in a phased manner. In the first phase, 256 districts of the country were covered. The second phase of the mandatory hallmarking, the consumer Affairs Ministry said, will cover additional three caratages of gold jewellery/artefacts (ie 20, 23 and 24 carats) and 32 new districts, wherein an Assaying and Hallmarking Centre has been set up post-implementation of the first phase. The Centre has notified the order in this regard and will come into force from June 1, 2022, the ministry said in a statement. Nodal agency Bureau of Indian Standards (BIS) has successfully implemented the mandatory gold hallmarking in 256 districts of the country with effect from 23 J

The Ministry of Consumer Affairs said mandatory hallmarking has been successfully implemented wherein 3 lakh gold articles are being hallmarked with HUID (Hallmark Unique Identification) every day

The rollout of mandatory hallmarking of gold jewellery in 256 districts has been smooth so far, according to the Consumer Affairs Ministry.

Jewellers across the country will go on a 'token strike' on August 23 against the "arbitrary implementation" of mandatory hallmarking of gold jewellery, industry body said on Friday

The government on Tuesday said mandatory hallmarking of gold jewellery is being implemented in phases since June 16, and a circular saying it has been withdrawn is "fake".

Tamil Nadu, Gujarat and Maharashtra are the top-3 states where the most number of districts have been identified for the first-phase implementation

Odisha Food Supplies and Consumer Welfare Minister Ranendra Pratap Swain Tuesday said that mandatory hallmarking of gold jewellery has been implemented in eight districts of the state

No bar on households selling non-hallmarked gold anywhere

Hallmarking will be done at the first point of sale, maintains BIS chief

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 of the country. A decision in this regard was taken after a meeting chaired by Consumer Affairs Minister Piyush Goyal with industry stakeholders. 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. But the deadline was extended for four months till June 1 and later till June 15 after the jewellers sought more time in view of the pandemic. Gold hallmarking is a purity certification of the precious metal and has been voluntary in nature so far. "Continuing our government's endeavour for better protection & satisfaction of customers, mandatory hallmarking in 256 districts will be implemented from June 16, 2021. No penalty will be imposed till August 2021," Consumer Affairs Minister Piyush ...

Gold hallmarking is a purity certification of the precious metal and is voluntary in nature at present

The online system will ensure that applications to set up a new centre or renew the existing licence can be submitted online

In view of the disruption in the wake of the Covid-19 crisis, they also urged the government to extend the next year's deadline for mandatory hallmarking.

Gold is the third-most popular investment choice, with 46% of all global retail investors choosing gold products - next only to saving accounts (78%) and life insurance (54%)

In this Samvat, investors earned 20.4 per cent from gold. The last year in which returns from gold were as good, was Samvat 2067 and 2068, though 2072 was not bad either

Bureau of Indian Standards (BIS) Director General Surina Rajan, however, assured the jewellery traders that the process would be done in consultation with all stakeholders