Gold Hallmarking: The central government has approved hallmarking standards for 9 carat gold. This decision has been taken at a time when gold prices in India have reached record highs and crossed Rs 1 lakh.
Gold Hallmarking: Amid rising gold prices, the central government has taken a big decision. Recently, the central government has approved hallmarking standards for 9 carat gold. With this approval, it has officially become a part of the hallmarking system of the Bureau of Indian Standards (BIS). Let us tell you that at present hallmarking was mandatory on 14, 18, 20, 22, 23 and 24 carat gold jewellery but now 9 carat gold (375 ppt purity) has also been included in this list.
Why is the decision important
In fact, gold prices in India have reached record highs and crossed Rs 1 lakh. Due to the huge increase in gold prices, the prices of 24 carat and 22 carat have become quite high for the common consumers. It is becoming out of the budget of common people. Now the price of 9 carat gold will attract customers. It is not only cheap but also suitable for modern designs. The All India Gem and Jewelry Domestic Council said in a post on social media platform X that jewelers and hallmarking centers are required to follow this additional rule under BIS rules.
What is the meaning of hallmarking
Hallmarking is a process that certifies the purity of gold. This system operated under BIS ensures that the amount of gold present in the jewelery is in accordance with the standards. Through hallmarking, customers get the BIS logo, grade of purity (eg 375), and a 6-digit unique HUID code, which increases the reliability of the jewelery. It protects consumers from adulteration and brings transparency in shopping. Hallmarking of 9 carat gold will not only benefit consumers but will also boost the jewellery industry and exports.
