Page 2 - Gold Hallmarking

Mandatory gold hallmarking from Wednesday, initially in 256 districts: Govt

The Centre on Tuesday said mandatory hallmarking of gold jewellery and artefacts will come into force from June 16 in a phased manner and initially will be implemented in 256 districts of the country. A decision in this regard was taken after a meeting chaired by Consumer Affairs Minister Piyush Goyal with industry stakeholders. In November 2019, the government had announced that hallmarking of gold jewellery and artefacts would be made mandatory across the country from January 15, 2021. But the deadline was extended for four months till June 1 and later till June 15 after the jewellers sought more time in view of the pandemic. Gold hallmarking is a purity certification of the precious metal and has been voluntary in nature so far. "Continuing our government's endeavour for better protection & satisfaction of customers, mandatory hallmarking in 256 districts will be implemented from June 16, 2021. No penalty will be imposed till August 2021," Consumer Affairs Minister Piyush ...

Mandatory gold hallmarking to be implemented from June 1, says govt

Gold hallmarking is a purity certification of the precious metal and is voluntary in nature at present

Online registration, licence renewal of gold hallmarking centres launched

The online system will ensure that applications to set up a new centre or renew the existing licence can be submitted online

Three standards for hallmarked gold not enough, need more, say Jewellers

In view of the disruption in the wake of the Covid-19 crisis, they also urged the government to extend the next year's deadline for mandatory hallmarking.

No dearth of gold demand, but more trust and awareness needed: WGC survey

Gold is the third-most popular investment choice, with 46% of all global retail investors choosing gold products - next only to saving accounts (78%) and life insurance (54%)

Samvat 2075 ends with highest returns for gold investors in eight years

In this Samvat, investors earned 20.4 per cent from gold. The last year in which returns from gold were as good, was Samvat 2067 and 2068, though 2072 was not bad either

Centre revives plan to make hallmarking of gold jewellery mandatory

Bureau of Indian Standards (BIS) Director General Surina Rajan, however, assured the jewellery traders that the process would be done in consultation with all stakeholders

Govt calls meeting next week on mandatory hallmarking of gold jewellery

Ram Vilas Paswan will chair the meeting to discuss the order the government wants to notify before Lok Sabha elections are announced.

Govt to make hallmarking of jewellery mandatory, small retailers seek time

India has 750 hallmarking and assaying centers and 100 are in pipeline

Govt to soon make hallmarking of gold sold in India mandatory, says Paswan

India has over 220 BIS-recognised assaying and hallmarking centres; and maximum of them are located in Tamil Nadu, followed by Kerala

Hallmarking runs at 30-40% capacity despite govt push

While the central government is working to enforce mandatory hallmarking of gold jewellery, the average hallmark centre is operating at only 30-40 per cent of its capacity. There are 500 hallmark centres, each having the capacity to process 2,000 pieces a day (20 kg) of jewellery. They're located close to the jewellery manufacturing centres of Mumbai, Kolkata, Ahmedabad, Rajkot, Chennai, Coimbatore, Trissur, etc. Major cities have at least 10 hallmarking centres.The government is now offering Rs20 -50 lakh subsidy for setting up an HM centre. The monthly operational expense being around Rs 2.5 lakh, a centre needs a business volume of at least 750 pieces a day to be viable. Such being the case, "we cannot expect HM centres to come up in smaller towns and villages, even when the subsidy amount looks attractive", said the spokesperson for the Indian Association of Hallmarking Centres (IAHC), mentioning the 30-40 per cent utilisation figure at which many operate. Last week, the Union .

Hallmarking of gold and silver jewellery only voluntary: Govt

Setting up of A&H centres is market driven activity which depends on the commercial viability

Hallmarking rule on cards to ensure quality

Cost for jewellers set to go up; some challenges exist on the implementation front

Hallmark complications

Assaying gold jewellery may be a good idea, but it's tricky