Hallmarking Of Gold Jewellery

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

With the industry's formalisation and mandatory hallmarking by the Government, the company said that they are well-poised to capitalise on emerging opportunities and demands in the coming years.

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

Get clarity on making charges for the piece, deduction if you sell it back, and eligibility for gold loan

Typically, July - September is a seasonally weak period for gold demand due to monsoons and inauspicious periods like Pitru-Paksha when buyers usually prefer to postpone gold purchases

Over 15,000 jewellers across Gujarat kept their businesses shut as they joined the nationwide strike against the implementation of Hallmarking Unique ID (HUID) system, industry stakeholders claimed

The Centre on Monday further extended the deadline for mandatory hallmarking of gold jewellery and artefacts by a fortnight till June 15 in view of the COVID-19 pandemic

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

With prices becoming prohibitive, buyers are now choosing dainty designs over dense, light jewellery over heavy sets, as gold retains its glitter in the run up to the wedding season

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.

Silver jewellery and articles have been kept out of mandatory hallmarking as of now

Business Standard brings you top events that are lined up for Wednesday

Estimates regarding the number of jewellers and ornaments being hallmarked at present are varied

Jewellers to be given a year's time to clear stocks that aren't hallmarked and get themselves registered

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%)

Measure to be implemented in metros first, followed by state capitals, district HQs and rest of country