Gold Hallmarking In India

Finally the Indian government has decided to act. From New Year (2008) it will become mandatory for gold to be embossed with Bureau of Indian Standards' hallmarking + the measure (the percentage of impurity in the yellow metal is 11-39 per cent) not just protects the public, but also boosts export of jewelry. The experts estimate that India consumes on an average 800 tonnes of gold each year. We shall wait and see how the standardization across the industry is going to work.