The Indian government makes gold bullions hallmarking mandatory starting from January 2025. The new regulation applies to all gold bars, including imported ones, and will be introduced in a phased manner.
“There is a consensus among all stakeholders and we are confident of making hallmarking mandatory for gold bullion next year. There is a unanimity that whatever is coming to the country should come under our mandatory standard norms. The sub-committee on this matter has submitted its report,” said Pramod Kumar Tiwari, director general, Bureau of Indian Standards. It is the BIS that is in charge of implementing the labeling rules.
Hallmarked gold bullions used for manufacturing jewellery are meant to ensure the desired purity of the products. The purity mark is mandatory for all jewelry and artifacts sold in the market.
According to sources, gold bars, which jewelers will use to make jewelry for themselves, will be exempted from the mandatory hallmarking. All existing assay and hallmarking centers will be considered for verification of gold bars, they added.
Hélène Tarin, Editor-in-Chief of the Asian Bureau, Rough&Polished
