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Hallmarking Of Gold

Hallmarking Of Gold:

The government has announced the phased implementation of mandatory hallmarking of gold jewellery with effect from June 16.

  • In the first phase, gold hallmarking will be available only in 256 districts and jewellers having annual turnover above Rs 40 lakh will come under its purview.
  • Hallmarking is the “accurate determination and official recording of the proportionate content of precious metal in precious metal articles.”
  • So, it is like a “guarantee of purity or fineness” of precious metal articles.
  • The Bureau of Indian Standard (BIS) operates a gold and silver hallmarking scheme in India.
  • Metals covered under the purview of hallmarking:
    • Gold jewellery and gold artefacts.
    • Silver jewellery and silver artefacts.

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