CURRENT AFFAIRS

Detailed explanation-1: -NEW DELHI: Consumer Affairs Minister Ram Vilas Paswan on Friday launched an online system for registration and renewal of licence of gold assaying and hallmarking centres.

Detailed explanation-2: -Gold. The BIS system of hallmarking of gold jewellery began in April 2000.

Detailed explanation-3: -73) The principal manufacturer sells jewellery to retailer or wholesaler, then the principal manufacturer will be responsible to get the Jewellery hallmarked/HUID.

Detailed explanation-4: -Thus, an individual buying gold jewellery say of 12KT or of 16KT, then jeweller shop will be first required to get it hallmarked from BIS hallmarking centre and only then it can be sold to the customers."

Detailed explanation-5: -To check the purity of gold when buying any gold product, one must ensure that the gold jewellery/coin is hallmarked by the Bureau of Indian Standards (BIS). Hallmarking is a certification by the Bureau of Indian Standards (BIS) that the gold is of a particular purity.