The recent trend of gold has shown tremendous growth, which has encouraged more people to purchase gold either for investment or otherwise. But whenever one plans to purchase gold or gold jewelry, the very first thing that the person should ensure is the purity of gold, i.e how pure the gold is? But here comes a question, how an individual can check the purity of gold? To protect the rights of consumers, government has made hallmarking of gold jewelry mandatory in India. Hallmarking of gold jewelry will not only help to keep control on quality but also safeguard consumers from corrupt jewelers.
Under Bureau of Indian Standards (BIS) Act, hallmarking agency certifies gold on the basis of Indian standards. In other words, gold jewelry will be evaluated and tested at official hallmarking centers and then certified that the metal conforms to the national and international standard of fineness and purity.
What Are The Signs That One Should Check On Gold Jewelry Before Purchasing?
Hallmark consists of five components:
1. BIS Standard Mark
The BIS Standard Mark looks like this:
2. Purity Grade
The purity grade of gold shows how pure it is:
- 999 – 24 carat – Pure Gold
- 958 – 23 carat
- 916 – 22 carat
- 875 – 21 carat
- 750 – 18 carat
- 708 – 17 carat
- 585 – 14 carat
- 417 – 10 carat
- 375 – 9 carat
- 333 – 8 carat
3. Hallmarking Center’s Mark
Logo of the BIS authorized Hallmarking Center where the jewelry has been hallmarked. Check the list of hallmarking centers and their logos here.
4. Year Of Marking
Alphabets represents the year of hallmarking of jewelry and is decided by BIS e.g. letter ‘A’ Denotes Year 2000, ‘J’ for 2008, ‘N’ for 2011 and ‘P’ for 2012 etc.
5. Jewelers Identification Mark
Identification mark of BIS Certified Jeweler/ Jewelry Manufacturer.
Some Important Points To Keep In Mind While Purchasing Gold Jewelry
- Do not buy gold jewelry without hallmarking
- Hallmarking charge on Gold Jewelry is only Rs. 25 per article.
- Jewelers do not hallmark gold jewelry, it is done by special laboratories.
- KDM jewelry is not Hallmarked jewelry. So KDM can not ensure purity of Gold.