These important rules related to gold jewelry have changed from today, you should also know otherwise you will have to go to jail Gold hal...
These important rules related to gold jewelry have changed from today, you should also know otherwise you will have to go to jail
Gold hallmarking has been made mandatory from June 15. In such a situation, if you are going to make a purchase, then it is important to know the rules before that.
New Delhi: If you are going to buy gold then this is important news for you. From today i.e. from June 15, gold hallmarking has been made mandatory. In such a situation, if you are going to make a purchase, then it is important to know the rules before that. The central government has made BIS hallmarking mandatory on gold jewelry. From June 15, all jewelers must sell only BIS-certified jewelry.
The central government has been planning for the last one and a half years regarding gold hallmarking and this order is being implemented across the country from today. Although this order could have been implemented earlier, due to the epidemic spreading in the country, it could not be implemented. Let us tell you about this rule in detail, what is this rule and how will it affect the general public.
What is Gold Hallmarking?
Let us tell you that the central government said that under gold hallmarking, all gold traders of the country should meet the standards of BIS standard for selling gold jewelry or artwork, strict action will be taken against any trader who does not meet these standards.
Maybe in jail
If anyone does not comply with the rules issued by the government, then he can be punished under section 29 of the BIS Act, 2016 with imprisonment of up to one year or a fine of more than Rs 1 lakh.
How many carats of gold will be hallmarked?
Let us tell you that gold of 14 carat, 18 carats, and 22-carat purity will be hallmarked.
What will happen to the gold lying in the house?
The most important thing is that what will happen to the gold kept in your house. If this question is also coming to your mind, then know that this rule of hallmarking will be applicable for the jewelers selling gold ornaments. Customers can sell their jewelry without a hallmark.
What will be the benefit of this rule?
With this step of the government, the proof of the purity of gold can be given easily. Having proof of this will also boost the handcraft gold market. Along with this, the jewelry industry will also expand. Presently 892 hallmarking centers are operating in 234 districts across the country which do the hallmarking for 28,849 BIS registered jewelers. However, now this number is expected to increase further.
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