What is hallmark?
Posted on: 06/Sep/2019 4:17:21 PM
Hallmark gold refers to the certified quality of gold. The Bureau of Indian Standards or BIS awards hallmark on gold jewellery. Being hallmarked ensures that the quality of gold is as per claimed by the seller and customers aren’t duped when buying or reselling items. The BIS evaluates and indicates if a particular gold piece is up to mark on international purity standards. The gold is checked in one of the assaying centres of BIS spread over the country, currently over 330.
Hallmarked gold is laser engraved so as to mark the gold with details such as:
- BIS logo
- Retailer’s logo
- Purity (916, 875, etc.)
- Year of certification
- Assaying centre’s logo
In general, all gold jewellery and coins purchased from BIS certified retailers are hallmarked, though you should still check for the same. In case of purity certification, hallmarked gold is available in purities of 958 (23 karats), 916 (22 karats), 875 (21 karats) and 750 (18 karats). You should be more careful when buying gold from a neighbourhood shop as they might not have been checked by the proper authorities.
To get the latest Gold/Silver price visit : Gold rate in Chennai
