Page 6 - Gold Jewellery

Hallmarking of gold jewellery now mandatory: What this means for you

The government has made hallmarking of gold jewellery mandatory in India from June 16, 2021. So far, gold hallmarking in the country was voluntary in nature. But in 2019, the government announced it would make it mandatory from January 15, 2021 but the deadline was extended twice till June 15 after the jewellers sought more time in view of the pandemic. But what does hallmarking of gold jewellery mean and for whom is it now mandatory. Watch the video to understand the new rule.

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 ...

Gold price today at Rs 47,760 per 10 gm, silver trending at Rs 71,900 a kg

Gold prices inched up marginally in India despite sliding in the bullion markets amidst the strong dollar

Gold price today at Rs 47,730 per 10 gm, silver trending at Rs 72,300 a kg

In New Delhi, the price of 22-carat gold was down to Rs 47,890 per 10 gm

Gold price unchanged at Rs 47,680 per 10 gm, silver at Rs 71,400 a kg

Gold prices traded flat in India on Thursday despite easing in the international markets ahead of the release of the US inflation data

Gold price today at Rs 47,680 per 10 gm, silver trending at Rs 71,700 a kg

In New Delhi, the price of 22-carat gold is at Rs 48,050 per 10 gm

Gold price today at Rs 47,510 per 10 gm, silver trending at Rs 71,000 a kg

In New Delhi, the price of 22-carat gold is at Rs 47,950 per 10 gm. In Chennai, it dipped to Rs 46,050

Gold price unchanged at Rs 48,230 per 10 gm, silver at Rs 72,000/ kg

The gold prices stood steady in India despite its decline in the bullion markets on lower US job claims

Mandatory hallmarking of gold jewellery: Govt extends deadline till June 15

The Centre on Monday further extended the deadline for mandatory hallmarking of gold jewellery and artefacts by a fortnight till June 15 in view of the COVID-19 pandemic

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

Jewellery stocks lose sheen amid renewed Covid-19 restriction, muted demand

Jewellery stocks: With gold prices bottoming out and demand facing headwinds, analysts expect volatility in the jewellery space to continue. That said, they stay optimistic on Titan & Kalyan Jewellers

Pandemic-battered gold demand in India expected to rebound in 2021

Demand is expected to jump closer to the 690 tons bought in 2019 as the country's economy shows signs of recovery, P R Somasundaram, managing director at the council for India, said

Credit outlook negative for gold jewellery retailers in FY21: Crisil

The number of new store additions is expected to reduce to almost a third of the average between fiscals 2017 and 2020, it said

Business across showrooms reached pre-Covid levels: Kalyan Jewellers

The company expects the coronavirus pandemic to provide it a competitive edge over its competitors in the unorganised sector in the long run

Minimalism is the new normal for those who just can't stop loving gold

With prices becoming prohibitive, buyers are now choosing dainty designs over dense, light jewellery over heavy sets, as gold retains its glitter in the run up to the wedding season

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

Top headlines: LIC's portfolio up 34%, gold jewellery demand slumps 74%

Here are the top headlines of the day

Gold at new lifetime high globally after 11 years, surge in silver unabated

Experts say those who missed the rally or want to add more gold to their portfolios should buy on dips

Selling gold to raise cash? Know how to sell and the tax implications

Ideally you should sell it to the jeweller you bought the gold from, or a reputable retailer to get a better rate

Gold price today: Rs 50,703 per 10 gm, silver climbs to Rs 60,785 per kg

In New Delhi, the price of 22-carat gold rises to Rs 49,000 per 10 gram