New Delhi: If you are planning to buy gold jewellery, then this news is very important for you. Because the rules regarding buying gold jewellery will change from the new year i.e. January 1. In fact, after a long wait, the Ministry of Consumer Affairs has approved mandatory hallmarking of gold and silver jewellery. Compulsory hallmarking will be applicable from 1 January.
Big relief for PMC bank defaulters, ED prepared to detach properties
The Ministry can issue notification regarding this week. However, 1 year time will be given for implementing mandatory hallmarking in remote areas. This decision of the government is going to have a major impact on the jewellery industry. However, customers will benefit from it. At present, only 40 % of jewellery is hallmarked. India is the largest importer of gold, which mainly caters to the demand of the jewellery industry. India imports 700-800 tonnes of gold every year.
Company of three friends of Indore on 'Forbes India' cover page
Modi government will make hallmarking of 14 carats, 16 carats, 18 carats, 20 carats and 22-carat jewellery mandatory from 1 January. For this, 400 to 500 new accessing centres will be opened. At present, there are more than 700 accessing centres in the country. The government feels that more assessments are still needed.
Stock market opened with gains on the first day, value of rupee increased