Gold Hallmarking mandatory

Mandatory hallmarking of gold jewellery and artefacts came into force from Wednesday and the process will be carried out in a phased manner. The plan will take effect in a phased manner, and will be implemented in 256 districts at first. Gold hallmarking is a purity certification that has been voluntary so far. Hallmarking means gold can now be resold at standard rates and there will be uniform gold valuation against the hallmark. People will be protected from cheating while buying gold ornaments and purity will be guaranteed.

From Wednesday, jewellers will be allowed to sell only 14, 18 and 22 carats of gold jewellery. Gold of 20, 23 and 24 carats will also be allowed for hallmarking.No penalty will be imposed till August 2021," Consumer Affairs Minister Piyush Goyal tweeted on Tuesday.

Continuing our Govt’s endeavour for better protection & satisfaction of customers, mandatory hallmarking in 256 districts will be implemented from 16 June 2021. No penalty will be imposed till August 2021.

This will help develop India as a leading global gold market center. pic.twitter.com/0Pv2UgPdCM

— Piyush Goyal (@PiyushGoyal) June 15, 2021