Saturday 18 January 2020
Home      All news      Contact us      India
business-standard - 4 days ago

Gold hallmarking made mandatory to ensure consumers are not cheated, says Paswan

Union Minister of Consumer Affairs Ram Vilas Paswan on Tuesday held a presser regarding mandatory hallmarking of gold jewellery and artefacts in India for which notification will be issued by the Department of Consumer Affairs providing a period of one year for implementation i.e. till January 2021. After January 15, 2021, no gold jewellery and artefacts will be sold without BIS hallmark. The gold will only be sold in three carats i.e. 14, 18 and 22. Under the BIS Act, the offender will be fined Rs 1 lakh which can vary accordingly and imprisonment, said HS Pasricha, Bureau of Indian Standards (BIS).Paswan said that the purpose of making hallmarking mandatory for gold jewellery and artefacts is to ensure that consumers are not cheated while buying gold ornaments and get the purity as marked on the ornaments, they are better informed about the purity of gold which will now be in only three caratage i.e. 14, 18 and 22, read a statement.Explaining the reasons for the one-year ...

Latest News












Most Popular (6 hours)

Most Popular (24 hours)

Most Popular (a week)