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5 Signs for checking purity of Gold

Signs of Checking Purity of Gold – One of the most sought after item by Indians is gold. Since ancient time Gold is considered as a store house of value in India. Be it urban India or rural India, rich or poor India, each one tries to buy gold at the first available opportunity. Ladies always eye for this yellow metal. Mostly they prefer to purchase gold in form of  jewellry.

5 sign of checking gold purity

Whenever one plan’s to purchase Gold or gold jewellery, the very first thing that he should ensure is the purity of Gold i.e how pure the gold is?

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But here comes a question how an individual can check the purity of gold? So to protect the rights of consumers government has made hallmarking of gold jewellery mandatory in India. Hallmarking of gold jewellery will not only help to keep control on quality and but also safeguard consumers from corrupt jewelers.

We are herewith guideline given by BIS which everybody must read to know the basic facts about gold and what to check while purchasing gold jewellery.

Gold Awareness

5 Signs for checking purity of Gold

Under Bureau of Indian Standards (BIS) Act, hallmarking agency certifies gold on the basis of Indian standards. In other words, gold jewellery will be evaluated and tested at official hallmarking centers and then certified that the metal conforms to the national and international standard of fineness and purity.

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What Sign One Should Check Before Purchasing Gold Jewellery?

One must check hallmark before purchasing gold jewellery. Hallmark consists of five components i.e.

(1)   BIS Standard Mark

BIS hallmark look likes:-

BIS Logo

(2)  Purity Grade

Gold purity grade shows how pure the gold is.

  • 999 – 24 carat – Pure Gold
  • 958 – 23 carat
  • 916 – 22 carat
  • 875 – 21 carat
  • 750 – 18 carat
  • 708 – 17 carat
  • 585 – 14 carat
  • 417 – 10 carat
  • 375 – 9 carat
  • 333 – 8 carat

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 (3) Mark of Hallmarking Centre

One must check for Logo of Hallmarking centre where the jewellery has been hallmarked. List of hallmarking centres are given here.

Hallmark Center Logo

(4)  Year of Marking

Alphabets represents the year of hallmarking of jewellery and is decided by BIS e.g. letter ‘A’ Donates Year 2000, ‘J’ for 2008, ‘N’ for 2010 ,‘M’ for 2011 and ‘N’ for 2012 etc..

(5) Jewelers Identification Mark

Many jewelers keep their own identification mark of BIS Certified Jeweler/ Jewellery Manufacturer.

Important Points To Keep In Mind While Purchasing Gold Jewellery

  • Look For :- Jewellery  Showroom selling BIS Hallmark Jewellery.
  • Buy:- Hallmark Jewellery only. It assures the mark of purity/fitness.
  • Ask For: – Cash Memo /Invoice which will help BIS to resolve complaints (if any).

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Remember Hallmarking charge on Gold Jewellery is only Rs. 35 per article & KDM jewellery is not Hallmarked jewellery. So KDM can not ensure purity of Gold.

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Hallmark Rule for Gold

From June 1, 2022, jewellers can only sell hallmarked gold jewellery, irrespective of its purity. This would mean that every gold jewellery item irrespective caratage must be mandatorily hallmarked.

The government had made gold hallmarking mandatory effective from June 16, 2021; this was done for items with cartage of 14KT, 18KT and 22 KT. It was later expanded to six caratages of gold jewellery/artefacts – i.e., 14,18,20,22, 23 and 24, effective from April 4, 2022.

The government has also revised the signs of purity on gold jewellery. From June 1, 2021, a hallmarked gold jewellery will have following three signs:
a) BIS logo
b) Purity/Fineness grade
c) Six-digit Alphanumeric code, also known as HUID
Before that, there were four signs of hallmarking. These were i) BIS logo, ii) Purity/Fineness grade, iii) Assay Centre’s identification mark and iv) Jeweller’s identification number.

The fineness or purity of gold jewelry will be reflected as follows on the hallmarked item –

Purity Sign
24KT 24KS995
23KT 23K958
22KT 22K916
20KT 20K833
18KT 18K750
14KT 14K585

 

The jeweler will charge you Rs 35 additionally for every gold item that you buy as hallmarking charge.

For More information visit BIS website: www.bis.org.in

JAGO GRAHAK JAGO.

All that Glitters may not be Gold. Be sure, It is pure!

Shitanshu Kapadia
Shitanshu Kapadiahttp://moneyexcel.com/
Hi, I am Shitanshu Kapadia founder of moneyexcel.com. I have written 1750+ articles on this blog. I am PGDBA(marketing), engaged in blogging for 5 years. Moneyexcel blog is ranked as one of the Top 10 Personal Finance Blog in India. The purpose of this blog is to spread financial awareness and help people in managing money. Please note that the views expressed on this Blog are clarifications meant for reference and guidance of the readers to explore further on the topics. These should not be construed as investment advice or legal opinion.
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