The rules associated with gold jewelry have changed from today, you also have to know otherwise you will have to go to jail
Gold Hallmarking has been made mandatory from today i.e. 15th June.
This rule is mandatory for all jewelers from June 15
The central government made gold hallmarking mandatory on gold jewelery
If the rules are not followed, there will be jail
The central government made gold hallmarking mandatory on gold jewelery
This news is essential for you if you are going to buy gold. Gold Hallmarking has been made mandatory from today i.e. 15th June. It is important to know the rules before you go shopping. The central government has made gold hallmarking mandatory on gold jewelery. From June 15, it is mandatory for all jewelers to sell only BIS Honest Jewelry.
This rule is mandatory for all jewelers from June 15
The central government has been planning this for the last one and a half years with regard to gold hallmarking. This order is being implemented across the country from today. This order could have been applied earlier. But could not implement it in the country because of Corona. Learn everything you want to know about the New Testament.
What is Hallmarking
Hallmarking is a government guarantee. The hallmark is supported by the Bureau of Indian Standards, India’s agency. In hallmarking a manufacturer is certified on certain criteria. In India it is a BIS organization for work. Which checks the quality that customers receive. Gold Coins or Jewelry Any gold ornament that is hallmarked by BIS must have a logo on it. This suggests that its accuracy has been tested in a licensed laboratory.
Can be gel
If anyone does not follow the rules, they will be fined from Rs 1 lakh to 5 times the price of jewelery. Punishment can be made under Section 29 of the BIS Act 2016. Jewelers can also face up to 1 year in prison for fraud. The government has launched an app called BIS-Care for investigation. This will allow for accuracy checks and complaints on the app itself.
Customers will find this information in Hallmarking
The date for implementing hallmarking in the country has been extended. Earlier, this rule was to come into force in January 2021. This was later extended to June 1 due to Corona and is now extended to June 15. Only 22 carat, 18 carat, 14 carat jewelery will be sold after the hallmarking rule is implemented. Hallmarking will have the seal of BIS, the information of the carat. The date of making the jewelery will also be the name of the jeweler. The BIS hallmarking system is linked to international standards.
How much golt rate will be hallmarking?
It may be mentioned that after the hallmarking rule is implemented, only 22 carat, 18 carat, 14 carat jewelery will be hallmarked.
What will happen to the gold lying in the house?
The question is what will happen to the old jewelry lying in the house or locker after the hallmarking is applied. You can have your old jewelry hallmarked at any hallmarking center or by going to a jewelry seller. The value of old jewelry will be higher. Secondly, this rule of hallmarking has been applied to jewelers selling gold jewelery. The customer can sell without a hallmark.
What will be the benefit of this rule?
With this move of the government, the purity of gold can be easily measured. The handicraft gold market will get a boost due to its proportion. Along with this, the jewelery industry will also expand. There are currently 894 hallmarking centers operating in 234 districts across the country with hallmarking for 28,849 BIS registered jewelers. However this number is expected to increase.
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