Gold and Jewelery Buyers: Are you also going to buy jewellery, read this news before buying and selling, government has changed the rules
Gold and Jewelery Buyers: From April 1, sale of gold jewelery and gold artefacts will not be permitted without a six-digit alphanumeric HUID. Union Food and Consumer Affairs Minister Piyush Goyal chaired a meeting to review the activities of the Bureau of Indian Standards (BIS).
In order to promote quality culture in micro scale units, it has been decided that BIS will provide 80 per cent waiver on certification/minimum marking fee in various product certification schemes.
hallmarking of gold mandatory
The hallmark of gold is a certificate of the purity of the precious metal. It was voluntary till June 16, 2021. Subsequently, the government decided to make hallmarking of gold mandatory in a phased manner. In the first phase, it was made mandatory in 256 districts and in the second phase 32 more districts were added, taking the total number to 288 districts. Now 51 more districts are being added.
“With effect from April 1, 2023, only gold jewelery will be allowed to be sold with HUID,” said an official statement. Nidhi Khare, Additional Secretary, Department of Consumer Affairs, said that in the interest of consumers, it has been decided that after March 31, sale of gold jewelery and gold artefacts without HUID hallmark will not be allowed.
He said that currently also four digit as well as six digit HUID is being used. He said that hallmarked gold jewelery is being sold across the country, even in districts where it is not yet mandatory due to consumer demand for quality products. However, now it is being made mandatory from April 1. Customers should also be alert.
