Now jewelers will not be able to err on gold, big change in the rules of buying and selling gold in the country

Not every yellow thing is gold, in the same way, there is no guarantee that every gold is pure.

Not every yellow thing is gold, in the same way, there is no guarantee that every gold is pure. Now if you are afraid of being cheated in buying gold, then there is no need for it now.

every yellow thing Sleep (Gold) No, there is no guarantee that every gold is pure in the same way. Now if you are afraid of being cheated in buying gold, then there is no need for it now. If the jeweler fraud with you (Fraud) If they do, then it is not good for them. The thing is that from June 1, the rules for buying and selling gold in the country (Gold Rules) There has been a big change in. gold hallmarking (Gold Hallmarking) The second phase has been fully implemented. The big thing is that jewelers will be able to sell only hallmarked gold jewellery, irrespective of their purity. That is, gold jewelery sold in the market will be considered completely safe on the purity front. This would mean that everything in gold jewellery, regardless of carat, must be hallmarked.

Let’s talk about this in a little more detail. According to the Bureau of Indian Standards (BIS), 32 new districts will come under the purview of mandatory hallmarking in the second phase. Where all jewelers will be allowed to sell only gold hallmarking jewelry.

Hallmarking on gold mandatory from June 2021

The rule of hallmarking on gold was kept voluntary earlier, but it has been made mandatory from June 2021. In the first phase, it was made mandatory in 256 districts of the country. Now in the second phase, 32 districts have been included in it. With this, hallmarking has been implemented in a total of 288 districts of the country. Now we know what is gold hallmarking. Actually, gold hallmarking is the proof of the purity of gold. Hallmarking of gold ensures that the gold they are buying is of the exact same purity as stated in the hallmark.

BIS stamps a certificate of purity and fineness of gold, which is called hallmarking. Hallmarking on gold shows that the gold used for making jewelery adheres to international standards of purity. According to the Bureau of Indian Standards website, hallmarking of gold is allowed for 6 purity categories, which include 14 karat, 18 karat, 20 karat, 22 karat, 23 karat and 24 karat. Now let us also know about BIS.

What is BIS?

BIS is the only agency recognized by the Government of India to conduct the certification scheme for hallmarking of gold jewellery. But what is the benefit to the customers from this whole exercise. So the thing is that the customers are going to get the most benefit of hallmarking. This will check the fraud of jewellers.

Jewelers cannot 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. However, the customer cannot get himself hallmarked on his jewellery. Because old gold jewelery is a kind of raw material for the jeweler.

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(Story: Gagan Rao Patil)