The rules for buying and selling gold jewelery have changed now. The new rules have come into force from 1 April 2023. In such a situation, women may face a lot of difficulty in selling old gold ornaments.
The government has made hallmarking mandatory from 1 April 2023. In such a situation, jewelry without hallmark cannot be bought and sold in the whole country. In such a situation, people who have non-hallmarked jewelry may face difficulty in selling it or getting other jewelry instead.
Hallmarking is mandatory
Hallmarked jewelry has the logo of the Bureau of Indian Standards (BIS). Apart from this, it is also told that how many carats of gold the jewel or jewelery piece is. The jewelry is usually made of 18 to 22 karat gold. With this happening, now jewelers will not be able to cheat the customers easily.
Old jewelery can be hallmarked by paying this much fee
According to BIS rules, if someone has un-hallmarked jewellery, then it will have to be hallmarked before selling it. Only after getting this, jewelry or jewelery can be sold. For hallmarking of old jewellery, a fee of Rs 45 per piece will have to be paid. Customers can get their jewelery hallmarked by going to BIS lab. For getting hallmarked, Rs 45 will have to be paid for each piece of jewellery.