CURRENT AFFAIRS

Detailed explanation-1: -Hallmarking is mandatory for all registered jewellers in 288 districts. From June 1, 2022, all jewellers in India can only sell hallmarked gold jewellery irrespective of its purity.

Detailed explanation-2: -No, re-hallmarking is not required for any jewellery that has been previously hallmarked.

Detailed explanation-3: -Currently, gold hallmarking is allowed for 6 purity categories i.e. 14KT, 18KT, 20KT, 22KT, 23KT and 24KT. Thus, a jeweller does not have to mandatorily hallmark gold jewellery of 21KT or 19KT purity before selling.

Detailed explanation-4: -From June 1, 2022, jewellers can only sell hallmarked gold jewellery irrespective of the purity. But what about silver? According to the Bureau of Indian Standards (BIS) rules, it is not mandatory for jewellers to get silver jewellery and coins hallmarked before selling these.

Detailed explanation-5: -According to gold experts, one should check the BIS hallmark before buying physical gold. The hallmark is composed of three symbols that provide information. The first symbol is the BIS logo, the second sign represents purity and fineness, and the third symbol is a six-digit alphanumeric code (HUID).