Govt makes hallmarking of gold compulsory
To protect consumers from unscrupulous jewellers, the government today approved a proposal making hallmarking of gold mandatory.
The hallmarking of gold, which is voluntary in nature at present, is a purity certification of the precious metal. The Bureau of Indian Standards (BIS), under the Consumer Affairs Ministry, is the administrative authority of hallmarking.
The Cabinet, headed by Prime Minister Manmohan Singh, cleared the proposal by approving amendments to the Bureau of Indian Standards (BIS) Act, 1986, that aims to expand the ambit of mandatory hallmarking to include more products, including gold, sources said.
Source : http://timesofindia.indiatimes.com/business/india-business/Govt-makes-hallmarking-of-gold-compulsory/articleshow/11362572.cms