GET Stock QuotesNews18 APP
News18 English
»
1-min read

Government May Make Gold Jewellery Hallmarking Mandatory by January

Food and Consumers Affairs Minister Ram Vilas Paswan asked BIS to work out on mechanism to check quality of each product from they originate and certify them as per standards.

PTI

Updated:November 3, 2017, 11:19 PM IST
facebookTwittergoogleskypewhatsapp
Government May Make Gold Jewellery Hallmarking Mandatory by January
In this file photo, a salesman arranges gold ornaments, on a display board, inside a jewellery showroom. (Reuters)
New Delhi: The government is planning to make hallmarking along with carat count mandatory for the gold jewellery sold in the country, Food and Consumers Affairs Minister Ram Vilas Paswan said on Friday.

"At present people don't get to know quality of gold jewellery that they buy. We are planning to make hallmark for gold jewellery mandatory. It should be done by January," Paswan told reporters at an event organised by the Bureau of Indian Standards (BIS).

He said BIS mark is used on some jewellery but that does not sufficiently convey quality of jewellery to consumers.

Under the proposed rules, hallmark will also mention the carat of gold used the jewellery, Paswan said.

"It will be done for jewellery in three categories -- 14 carat, 18 carat and 22 carat," he said.

The minister asked BIS to work out on mechanism to check quality of each product from they originate and certify them as per standards.

He said that he would like private entities to collaborate with BIS to certify quality of products as per the standards set by the standard body.

Also Watch

Read full article
Most Active
Company Price Change %Gain
Tata Motors 286.80 -22.65 -7.32
Jet Airways 383.30 -37.80 -8.98
PC Jeweller 180.30 -16.65 -8.45
Vedanta 246.40 -6.25 -2.47
SBI 262.05 -1.15 -0.44
Company Price Change %Gain
Jet Airways 384.10 -37.05 -8.80
PC Jeweller 179.00 -17.80 -9.04
Tata Motors 287.70 -21.55 -6.97
Adani Ports 369.00 -4.50 -1.20
Power Grid Corp 212.00 +0.95 +0.45
Top Gainers
Company Price Change %Gain
Infosys 1,210.95 +26.05 +2.20
HCL Tech 911.95 +17.60 +1.97
Tech Mahindra 709.60 +12.15 +1.74
TCS 3,543.75 +48.65 +1.39
HDFC 1,800.95 +17.30 +0.97
Company Price Change %Gain
Infosys 1,209.85 +24.60 +2.08
TCS 3,543.45 +46.40 +1.33
Tata Steel 544.05 +4.80 +0.89
HDFC 1,801.80 +17.90 +1.00
Bharti Airtel 359.40 +2.60 +0.73
Top Losers
Company Price Change %Gain
Tata Motors 287.15 -22.30 -7.21
HPCL 277.05 -9.95 -3.47
Vedanta 246.65 -6.00 -2.37
BPCL 362.50 -11.45 -3.06
ONGC 171.00 -4.40 -2.51
Company Price Change %Gain
Tata Motors 287.10 -22.15 -7.16
ONGC 171.05 -4.50 -2.56
Adani Ports 369.00 -4.50 -1.20
Maruti Suzuki 8,420.00 -80.90 -0.95
IndusInd Bank 1,845.00 -11.70 -0.63