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To shield customers, the federal government mandates particular requirements, together with hallmarking for authenticity.
Know Your Gold: How to Verify Purity and Avoid Counterfeits
Gold funding has been a valued custom in India for hundreds of years, embodying wealth, prosperity, and luck. In Indian tradition, gold is often given as a present throughout festivals and particular events. Physical types of gold funding embody jewelry, cash, and bars, which will be bought from banks, jewelry shops, and authorised sellers.
However, because of the threat of counterfeit merchandise, patrons are inspired to purchase solely from respected sellers. To shield customers, the federal government mandates particular requirements, together with hallmarking for authenticity.
What is Hallmarking?
According to the Bureau of Indian Standards (BIS), hallmarking is the correct evaluation and official recording of the dear steel content material in jewelry. In India, hallmarking is at the moment obligatory for gold and silver and serves as an official assure of purity.
As per BIS Rules 2018, if a shopper’s hallmarked jewelry is discovered to have a purity decrease than said, they’re entitled to compensation at twice the distinction in worth, calculated primarily based on the purity deficit and weight of the merchandise, together with testing expenses.
Since 1st July 2021, every hallmarked merchandise has been required to incorporate a 6-digit HUID (Hallmark Unique Identification). The hallmark now contains three identifiers: the BIS brand, the article’s purity, and the HUID, every guaranteeing traceability and authenticity.
Verifying Hallmarked Jewellery
Consumers can confirm hallmarked jewelry by checking the HUID quantity on the BIS CARE app, obtainable on each Android and iOS. This app supplies complete data, together with the jeweller’s registration quantity, the article’s purity, its sort, and particulars of the hallmarking centre.
Testing Unhallmarked Jewellery
If you might have unhallmarked gold, you’ll be able to have its purity verified at any BIS-recognised Assaying and Hallmarking Centre (AHC), which supplies precedence testing companies and points an in depth take a look at report. This report confirms the purity of your jewelry and will be helpful when you resolve to promote it.
Gold Purity Test Fees
- For as much as 4 gadgets: Rs 200
- For 5 or extra gadgets: Rs 45 per merchandise
A listing of BIS-recognised AHCs is on the market on the BIS web site beneath the hallmarking part. When bringing in jewelry, customers can have as much as 10 items examined as a blended lot. Testing is completed within the shopper’s presence to make sure transparency in weighing and evaluation.
Consumers can verify detailed pointers here
