From Today, the Indian government has made hallmarking on gold jewellery and other gold items mandatory. The Jewellers Associations across India has welcomed this move by the Government of India.
They said this move would instil trust between seller and buyer. India Bullion & Jewellers Association’s President, Mumbai said this new act will build people’s confidence in us. But he also said that it would have been better if the central government had given them some more time to sell the jewellery without a hallmark.
On the other hand, buyers are happy with this step and they’re saying that Hallmark gives them trust while buying gold. If the golden ornaments have a hallmark on them, anyone can buy without any doubt that those are pure ornaments. And anyone can buy gold and jewellery from anywhere.