This rule will be applicable on gold and silver from the beginning of the new year, buyers will benefit

With the beginning of the new year in the country, hallmark system will be made mandatory in the gold bullion market for the sale of gold and silver. It will be implemented from January itself. At present these will be applicable to jewelers but from January 2025 the rules will be applicable to all gold bullion, imported gold and jewelers also. No person or institution in the country will be able to sell gold and silver without hallmarking.

The customer benefits from hallmarking the purity of gold and silver.

Hallmarking system has been implemented by BIS to determine the purity of gold and silver. Which is now going to be completely implemented on everyone in the country. Hallmarking is also going to be implemented on gold imported from abroad. Hallmarking system is going to be implemented from the beginning of the new year. Hallmarking is very beneficial for gold and silver buyers. The customer benefits from the hallmark on the purity of gold and silver.

Hallmarking will not be applicable on these logos

This will not be mandatory for jewelers who use it for their own use, apart from this, all assaying and hallmarking centers will be valid for checking the purity of bullion. This step being taken by the government is going to be very important. This will increase the confidence of people buying gold and silver.

Current rough price of gold in the country

The price of gold and silver has currently reduced. Today the price of 24k gold with 999 purity remains at Rs 73739 per ten grams. While the price of 22k gold is running at Rs 67545 per ten grams. The price of pure silver with 999 purity is running at Rs 67545 per kg. Let us tell you that this is the rough price of gold and silver. This does not include GST or other charges.