Know if Your Gold Jewelry Hallmark is Fake or Genuine
How to Know if Your Gold Jewellery Hallmark is Fake or Genuine?
Hallmarking is a Bureau of Indian Standard (BIS) quality certificate that guarantees the purity of gold. The Ministry of Consumer Affairs, Food, and Public Distribution has made the hallmarking of gold jewellery and other valuable artefacts mandatory beginning 16 June 2021. The Ministry revealed that only 30% of gold jewellery in India is hallmarked. Hallmarking of gold has become mandatory since it verifies the precious metal's purity.
At times, jewellers can sell gold jewellery claiming that it is 22 karat, even though it may actually be of lesser purity. To avoid such types of fraud, you must be aware of genuine hallmarking signs. The government is also taking measures to make sure that no gold jewellery is mis-sold.
Signs to Check for Genuine Gold Hallmarking
You must search the following components hallmarked gold jewellery to check its purity:
- Your gold jewellery must feature the BIS mark, which is symbolised by a triangle.
- You should always keep an eye out for a jeweller's identification number or mark.
- You must make sure to request a bill breakup to check that the hallmarking costs on the bill are comparable to the pricing set by the Assay and Hallmarking Centers (AHCs).
- Checking for the Caratage (22K915) is important as it guarantees karat purity and fineness.
- You must verify the address of the store listed on the jeweller's licence according to the BIS guidelines.
Why Should You Buy Hallmarked Gold Jewellery?
The hallmarking of gold is important as it verifies the purity of the gold jewellery you purchase. Jewellers who are registered under BIS's hallmarking scheme must have their jewellery tested before selling them. Mandatory hallmarking will help the industry become much more organised as well as standardise the purity of gold jewellery.
It will help in accelerating the continuous transition of customers and business from the unorganised to the organised jewellery market. With the new hallmarking rules, you will be able to make proper decisions, and avoid confusion and fraud while buying gold.
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FAQs on How to Know if Your Gold Jewellery Hallmark is Fake or Genuine?
- What should I check while buying gold?
The purity of gold is determined by a process called Hallmarking. So, when you are purchasing gold, make sure to check the hallmarking, Bureau of Indian Standards (BIS) logo, Jewellers' Identification Mark and Number.
- What is hallmark gold?
Hallmarking is a process that certifies the purity and fineness of gold. A BIS hallmark on gold jewellery indicates that it complies with the BIS's standards.
- Why should I purchase hallmark gold jewellery?
The purity of gold is certified by hallmarking. Therefore, when you purchase hallmark gold, you can be assured about its purity and it also helps you earn a higher market value if you decide to sell it later.
- How can I know whether the jewellery store where I'm buying gold is BIS-certified?
The official website of BIS has a list of jewellers who have been certified and licenced by BIS. In addition, the list includes the jewellers' names and addresses, as well as the date their BIS licence is valid.
- What is 22 karat gold?
The 22 Karat gold is generally utilised in the production of jewellery and is 91.67% pure gold. It is made up of 22 parts gold and two parts other metals such as silver, zinc, nickel, and other alloys. Due to mixing alloys, the texture of this type of gold is hard which makes the jewellery more durable.
- Why does the hallmark gold price differ from the regular gold prices in India?
Gold prices in India vary slightly from one city to another due to local jewellery organisations, transportation charges, and so on. The major reason for this is that hallmarking costs are added to the price of gold.
- How can I identify fake gold jewellery?
One of the ways you can check the purity of your gold is by immersing it in water. If it drops to the bottom, it indicates that your gold is pure. Bringing your gold near a magnet is another way to determine if it is pure or not. If the gold is pure, it will not be attracted to the magnet.
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