Gold Hallmarking: New rule for buying and selling gold will be applicable from June 1, guarantee of purity will be given

Second phase of mandatory hallmarking of gold jewelery starts from June 1

The rules of Gold Hallmarking are only for jewellers. These do not apply to customers. Jewelers can no longer sell gold jewelery without hallmark to the customer, but the customer can still sell his old jewelery without hallmark to the jeweler as it used to sell earlier.

Gold is considered to be a useful tool in the intervening time. Many Indian families still rely on it. This is the reason whether it is demonetisation or lockdown, sleeping for the people in trouble.Gold Price) just came. Often you must have trusted only a familiar shopkeeper to take a valuable thing like gold. But, your trust is broken many times. 22 carats (22 Carat Gold) Ornaments of lesser carat are handed over by speaking. But that probably won’t happen now. Essentials of gold jewelery and artefacts hallmarking ,Gold HallmarkingThe second phase of ) will start from June 1 this year.

The Consumer Affairs Ministry said that in the second phase of mandatory hallmarking, three additional carats of gold jewelery 20, 23 and 24 carats will come under the ambit of 32 new districts. Where the assay and hallmark center ie AHC has been established after the implementation of the first phase.

In the first phase, the rule was implemented in 256 districts of the country.

Actually, the rule of hallmarking was voluntary till 16 June 2021. After which the government decided to implement the mandatory hallmarking of gold in a phased manner. In the first phase, 256 districts of the country were brought under its ambit. Where every day more than 3 lakh gold jewelery is being hallmarked with hallmark unique identity. According to the ministry, under a provision of BIS, a normal consumer can also get the purity of gold jewelery checked at an AHC recognized by BIS.

What will be the effect on customers?

Now let us know what will be the effect on the customers. The rules of Gold Hallmarking are only for jewellers. These do not apply to customers. Jewelers can no longer sell gold jewelery without hallmark to the customer, but the customer can still sell his old jewelery without hallmark to the jeweler as it used to sell earlier. That is, he does not have to take the tension of getting his unmarked jewelery kept in the house hallmarked.

The AHC will test the gold jewelery from the general consumer on a priority basis and give a test report to the consumer. The test report issued to the consumer will assure the consumer about the purity of his jewelery and will also be useful if the consumer wants to sell the jewelery lying with him. Now let’s also know the fee for testing gold jewellery.

how much will it charge

According to the report, the fee for testing gold jewelery of up to 4 items is Rs 200. The fee for 5 or more items is Rs 45 per item. The report states that the authenticity and purity of HUID numbered gold jewelery purchased by consumers can also be verified using ‘Verify HUID’ in the BIS Care app. It can be downloaded from Play Store.

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Gagan Patil, Money9