The value of gold is far greater than the value of money today. They buy gold not only as an accessory but also as an investment because of the firm belief that the value of gold will never diminish.
Jewelry is of great importance in India, especially in South India. Not only in marriage, but also in other ceremonies, buying gold is an inevitable act.
It is considered a symbol of honor, to be worn as jewelry, to be bought as an investment, to be bought and sold on the stock market and to make money. Gold is preferred in all specialties.
In this case, it is important to know whether the gold you are buying is pure gold or not. In this blended market, there are many jewelers who sell low carat gold or impure gold to customers without Hallmark.
When gold jewelry without Hallmark is sold in the market, it is more likely that it will be sold at a lower price than the price we paid for it. With this in mind the government has now developed a new rule called the Hallmark Mandatory. Effective June 1.
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Implemented on 23 June 2021, in approximately 256 districts of the country. Now that it has come into force, it will be banned to sell gold without a hallmark.
Why buy hallmarked gold
Hallmarked gold is considered pure gold. Hallmark indicates that gold is certified pure. This gold is specifically confirmed by a quality test called hallmarking.
BSI agencies under the Government of India follow this hallmarking process to certify the purity of gold. If the customer buys jewelry made of gold or any other item, it needs to have a hallmark.
As far as India is concerned, the Government of India has handed over the responsibility of Hallmark to the Standards Institution of India. The office of this association in different parts of the country is the one that does the Hallmark test.
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