If you want to exchange or sell your old gold jewellery, must know about new gold hallmarking rules
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what is the new rule
According to the new rule, a 6-digit HUID number is mandatory for buying and selling gold ornaments. Without this number, you will not be able to exchange or sell gold. The government has made hallmarking mandatory to prevent forgery regarding the purity of gold. However, those who have old ornaments need not worry. According to BIS i.e. Bureau of Indian Standards, if someone has old jewelry without hallmark, then he can easily get it hallmarked.
How to get hallmarking done
According to BIS, those who have un-hallmarked gold jewelery should get it hallmarked. There are two options for this, first, they can get their jewelery hallmarked by taking them to any recognized jeweller. Apart from this, you can get your old jewelry hallmarked by taking it to the BIS Assessing and Hallmarking Center. For this, you will have to pay a charge of Rs 45 for each piece of jewelry. On the other hand, if the jewelry is five, then the work will be done for Rs 200. Purity of gold at BIS center
Will be investigated. After checking the purity of gold, the BIS center will give it a hallmark. Along with this, a certificate will be issued regarding the purity of the gold. You can sell or exchange gold by showing this certificate.
they got a discount
The government has exempted gold jewelery weighing less than 2 grams from the rule of hallmarking. Apart from this, any item meant for export, which is designed for a specific requirement of a foreign buyer, has also been exempted. Apart from this, gold watches, fountain pens and special types of jewelery have been exempted.
Be careful while buying and selling gold
Carry the original gold bill and certificate whenever you go to exchange the gold. This can help determine the weight and purity of your jewelry. Whenever you are buying or exchanging gold jewellery, always buy hallmarked gold jewellery. Significantly, Hallmark is an official stamp that shows the composition and purity of gold.
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