Gold: Before buying real gold, definitely check these 3 numbers, know what is the new rule
new rule for selling gold
This is important news for gold buyers. The rules for buying gold have been changed from June 1. From June 1, 2022, the government has started the second phase of gold hallmarking. Under this, 32 more districts have been added under mandatory gold hallmarking. That is, in the districts where gold hallmarking has been made mandatory, now only 14, 18, 20, 22, 23 and 24 carat jewelery can be sold in those districts.
Must check this three digit number
Jewelers selling gold will now have to buy only hallmarked gold. If this is mandatory for them, then those who buy gold also have to keep in mind that while buying jewellery, they must check the carat, hallmark mark and hallmark number of gold. Purity of gold is the three numbers of hallmark.
24 karat purity -995
23 carat purity -958
22 karat purity-916
20 carat purity -833
18 carat purity – 750
14 carat purity -585
check this mark
Hallmarking verifies the purity of pure gold. How much gold is in the jewelery will be decided by its hallmarking number. At the same time, along with the hallmarking number on gold, there is also a triangle mark of BIS hallmark, which is necessary to check while making a purchase. Every gold biscuit and jewelery has a special symbol on it. With the help of which you can check how much gold is in it.
There are three symbols on gold jewelry, which you must check while buying. in which
Purity / Fineness Grade
6 digit alphanumeric code (HUID)
Why hallmark is important
Hallmark Gold guarantees purity. That is, you can be sure about the purity of gold by buying hallmarked gold. This guarantee is given on the basis of the standards made by the government, so that the trust of the customers is further strengthened.