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HomeBusinessGold news: The rules are going to change to sell gold, now...

Gold news: The rules are going to change to sell gold, now you will have to give a 6-digit code, check before you buy money moguls



The contrast is a guarantee of the purity of the gold.
Hallmark is a mark on every piece of jewelry.
It is decided on the basis of purity i.e. carats.

New Delhi. The tendency to buy gold and invest in it is very high in our country. Be it marriage or any other festival, Indians definitely buy gold. But sometimes we have to sell gold for some reason. In such a situation, it is very important that you know that there will be a change in the rule of selling gold. We tell you that the gold punching standards are going to change as of April 1, 2023. According to the new rule of the Ministry of Consumption, gold will not be sold without a 6-digit alphanumeric stamp as of April 1. Just like there is a 12-digit code on the Aadhaar card, in the same way gold will have a 6-digit stamp code. This is called a Hallmark Unique Identification Number, i.e. HUID. The ministry says that now only the 6-digit stamp will be valid.

Gold hallmark is a hallmark that tells consumers the purity of the gold jewelry they are purchasing. 940 gold marking centers have been established across the country. Now the four digit stamp will come to a complete stop. Contrasting gold jewelry started in the year 2000 in India. The Ministry of Consumer Affairs says that currently more than 3 lakh gold items are being marked with HUID every day. Additionally, there is at least one Hallmark testing center in 339 districts across the country.

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The government made the marking system mandatory
The contrast was voluntarily implemented from June 16, 2021. However, the government decided to make the marking system mandatory. Since July 1 of last year, the government has made changes to the distinctive signs of gold jewelry and has reduced the number of signs to three. The first sign is from BIS Hallmark. This is a triangular mark. The second sign speaks of Purity. That is, it shows how many carats of gold the jewelry is made of. The third symbol is a six-digit alphanumeric code called a HUID number. It was implemented in 256 districts in the first phase and 32 more districts were later included. The government has decided to implement it in 51 more districts.

What is Hallmarking?
The contrast is a guarantee of the purity of the gold. Hallmark is a mark on every piece of jewelry. In this, the logo of the Bureau of Indian Standards (BIS), its purity is given. Along with this, information about test centers etc. It is also available at Hallmarking. The amount of gold in an ornament varies which is decided based on its purity i.e. karats. Jewelers sometimes charge higher carat prices for lower carat jewelry. To eliminate this, contrast has been made mandatory.

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