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New Gold Hallmarking process begins, only 14, 18, 22 carat gold to be sold in India

New Gold Hallmarking process begins, only 14, 18, 22 carat gold to be sold in India

Indian Jewellers will be allowed to sell hallmarked gold artifacts made of 14, 18 and 22 carats gold only.

Jan 15, 2020 12:59 IST

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Gold Hallmarking in News: Union Consumer Minister Ram Vilas Paswan announced on January 14, 2020, that Indian jewellers will be allowed to sell hallmarked gold artifacts made of 14, 18 and 22-carat gold only. He said that it will become mandatory for all jewellers in the country but they will be given one year to get mandatory hallmark.

The notification regarding this rule of consumer affairs will be issued on January 16, which will provide mandatory hallmarking of gold jewellery from January 15, 2021. At present, gold hallmarking is voluntary.

Key Highlights

• Union Consumer Minister Ram Vilas Paswan said that there is a provision of fine and imprisonment for one year for violating this rule.
• He said that jewellery vendors have been given one year to arrange registration and compulsory hallmarking in the Bureau of Indian Standards (BIS).
• Paswan said that currently hallmarking is available in ten categories. However, from next year, hallmarked gold will be available in three grades of 14 carats, 18 carats and 22 carats only.
• Minister also announced that the government aims to open hallmarking centers in all districts across the country.

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