Gold and Silver: Prices of precious metals rise, gold hallmarking mandatory from today


Gold prices on Tuesday rose by Rs 303 to Rs 47,853 per 10 grams in the national capital. According to HDFC Securities, its price in the previous session was Rs 47,550 per 10 grams. Talking about silver, during this period silver rose by Rs 134 and it became Rs 70,261 per kg. It had closed at Rs 70,127 per kg in the previous trading session. In the international market, gold was trading flat at USD 1,864.50 an ounce while silver was flat at USD 27.65 an ounce.

Gold hallmarking made mandatory from today

Gold hallmarking has become mandatory in the country today. That is, if you go to buy gold from any shop from today, then you will get only hallmarked gold. Its most important thing is that according to MBIIS, the common people will benefit from mandatory hallmarking. This will ensure that consumers are not deceived while buying gold jewelry and that they get the jewelry as per the purity marked on the jewelry. Gold hallmarking is a certificate of purity of gold. From today all jewelers are allowed to sell only 14 carats, 18 carats,s, and 22-carat gold.

will be recognized as

Strict action will be taken against any jeweler found selling gold jewelry without hallmarking. In addition to imprisonment for one year, a penalty of up to five times the value of gold jewelry can also be imposed on him. Hallmark numbers are given for every carat of gold. The number 916 is used by jewelers for 22 carats. The number 750 is used for 18 carats and the 585 number is used for 14 carats. Through these numbers, you will know how many carats the gold is.