By Vivek Dubey
CNBC-TV18.com
Published Nov 1, 2023
To avoid fraud, it’s crucial to identify genuine hallmarking signs on gold jewelry.
The government is taking steps to prevent gold mis-selling. The HUID mandate for gold jewelry started from April 1 this year.
The government is considering compulsory certification for gold bullion to improve its quality.
The government may mandate the imprinting of gold weight on retail market products.
A six-digit alphanumeric code (HUID number) is assigned to each piece of gold sold for traceability.
Before April 1, 2023, the HUID code was only four digits. Now, it’s a six-digit code.
Customers can use the BIS Care App to verify the authenticity of the HUID.
The Bureau of Indian Standards (BIS) mark is a reliable indicator of gold purity.
Request a detailed bill breakup and cross-check the hallmarking costs with the Assay and Hallmarking Centres (AHCs).
Verify the store address against the guidelines set by BIS to ensure the legitimacy of the purchase.
Gold hallmarking certifies the purity of gold. It’s a guarantee of purity and fineness, safeguarding the public against adulteration.