Purity Verification Test for Gold Monetization Scheme
Posted on: 06/Nov/2015 10:17:52 AM
Prime Minister Narendra Modi on Thursday launched the Gold Monetization Scheme.
How the Purity Verification is done are as under:
There are at present 350 Hallmarking Centres that are Bureau of Indian Standards (BIS) certified spread across various parts of the country . These Hallmarking Centres will act as Purity Testing Centres for the GMS as they are well equipped to conduct a test of purity of the jewellery in a short span of time.In a Purity Testing Centre, a preliminary XRF machine test will be conducted to tell the customer the approximate amount of pure gold. If the customer agrees, he will have to fill up a Bank/KYC form and give his consent for melting the gold. If the ccustomer does not agree to the XRF machine test, he can take his jewellery back at this stage.
The time spent by the customer will be about 45 minutes in the centre up till this stage.After receiving the customer`s consent for melting the gold for conducting a further test of purity, at the same collection centre, the gold ornament will then be cleaned of its dirt, studs, meena etc. The studs will be handed over to the customer there itself. Net weight of the jewellery will be taken after such removals and told to the customer. Then, right in front of the customer the jewellery will be melted and through a fire assay, its purity will be ascertained. These centres have viewing galleries from where the customer can see the entire process.
The time taken is expected not to exceed 3-4 hours.
