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EXPLAINED: What Is Gold Hallmarking, Why Has It Been Made Compulsory In India And How It Affects You

EXPLAINED: What Is Gold Hallmarking, Why Has It Been Made Compulsory In India And How It Affects You
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Mandatory gold hallmarking in India from today

Mandatory gold hallmarking in India from today ANI 16 Jun 2021, 08:18 GMT+10 New Delhi [India], June 16 (ANI): The mandatory gold hallmarking will be implemented from Wednesday in a phased manner, to begin initially with 256 districts, said the Union Ministry of Consumer Affairs, Food and Public Distribution. Continuing our government s endeavour for better protection and satisfaction of customers, mandatory hallmarking in 256 districts will be implemented from June 16. No penalty will be imposed till August 2021. This will help develop India as a leading global gold market center, tweeted Piyush Goyal, the Union Minister for Consumer Affairs and Food and Public Distribution. As per an official release, jewellers with annual turnover up to Rs 40 lakh will be exempted from mandatory hallmarking.

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