New Delhi: If you are going to buy gold then this is important news for you. From today i.e. from June 15, gold hallmarking has been made mandatory. In such a situation, if you are going to make a purchase, then it is important to know the rules before that. The central government has made BIS hallmarking mandatory on gold jewellery. From June 15, it is mandatory for all jewelers to sell only BIS certified jewellery.
The central government has been planning for the last one and a half years regarding gold hallmarking and this order is being implemented across the country from today. Although this order could have been implemented earlier, but due to the epidemic spreading in the country, it could not be implemented. Let us tell you about this rule in detail, what is this rule and how will it affect the general public.
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What is Gold Hallmarking? Let us tell you that the central government said that under gold hallmarking, all gold traders of the country should meet the standards of BIS standard for selling gold jewelry or artwork, strict action will be taken against any trader who does not meet these standards.
may be in jail
If anyone does not comply with the rules issued by the government, then he can be punished under section 29 of the BIS Act, 2016 with imprisonment up to one year or a fine of more than Rs 1 lakh.
How many carats of gold will be hallmarked?
Let us tell you that gold of 14 carat, 18 carat and 22 carat purity will be hallmarked.
What will happen to the gold lying in the house?
The most important thing is that what will happen to the gold kept in your house. If this question is also coming in your mind, then know that this rule of hallmarking will be applicable for the jewelers selling gold ornaments. Customers can sell their jewelery without hallmark.
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What will be the benefit of this rule?
With this step of the government, the proof of the purity of gold can be given easily. Having proof of this will also boost the handcraft gold market. Along with this, the jewelery industry will also expand. Presently there are 892 hallmarking centers operating in 234 districts across the country which do the hallmarking for 28,849 BIS registered jewellers. However, now this number is expected to increase further.