Will there be any fraud in the gold jewellery shop located on the street corner? Do only big brands provide pure gold? Many such questions come to our mind. We get to hear one answer to all such questions – that whenever you buy gold, make sure that the gold is BIS hallmarked . But the question again is how to identify pure gold with BIS hallmark? In this article, we are telling you about three such signs related to the purchase of pure gold, by looking at which you can immediately check the purity of gold. This work can be done along with buying jewellery.

Keep in mind that whenever you buy gold it should be hallmarked by the Bureau of Indian Standards .

You have to see the hallmarking sign of the Bureau of Indian Standards on gold items. From July 1, 2021, the government has revised the hallmarking sign on gold jewellery. You have to see three symbols on BIS hallmarking gold-

Three symbols of BIS hallmarking gold

1. BIS Standard Mark

2. Purity Fitness Grade

3. 6 digit alphanumeric code (HUID Number)

BIS Standard Mark

The first sign you have to look for on a gold item is the BIS logo. This will be in the shape of a triangle. The stamp of this logo on gold jewellery indicates that the jewellery being purchased has been checked from a BIS certified centre.

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Purity Fitness Grade

The second sign you need to look for when buying gold items is the purity of the gold. This sign will tell the degree of gold purity.

Gold Categories- 14K, 18K, 20K, 22K, 23K and 24K

• If gold jewellery has a 22K916 stamp it means that the gold item you are buying contains 91.6% gold and 8.4% other metals.
• If gold jewellery has an 18K750 stamp it means that the gold item you are buying contains 75% gold and 25% other metals.
• If gold jewellery has a 14K585 stamp it means that the gold item you are buying contains 58.5% gold and 41.5% other metals.

6 digit alphanumeric code

While buying gold jewellery, you have to look for the third sign on the gold item, a 6-digit code. This code is called Hallmark Unique Identification Number (HUID). This code is different and unique for every jewellery piece. This alphanumeric code can also be verified on the BIS Care App.

Please note, it is not mandatory to enter 6 digit alphanumeric code on the bill.

Charges on BIS hallmark gold jewellery

If you buy BIS hallmark gold jewellery, you will also be charged a fee for it. You will be charged Rs 45 per item for gold. This charge will be added to the price of gold. This is a flat charge. Which is not linked to the weight of gold. Let us tell you, before March 4, 2022, the hallmarking charge was Rs 35 per piece.

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Most women in India like to buy and wear gold jewellery. Not only this, it is also considered a safe investment. Gold prices keep changing with time. In the last five years, the price of gold has seen a rise of more than 90 percent.

From July 2018 to July 2023, the price of gold has increased by almost 99 percent. On July 30, 2018, the price of 24 carat gold was Rs 30,850 per 10 grams. By July 21, 2023, the price of gold had increased to Rs 59,610 per 10 grams. In December 2023, the price of 10 grams of gold is beyond Rs 62,000.

What is the meaning of carat in gold?

Whenever we go to a jeweler to buy gold, he shows us the jewelery and tells us how many carats the gold is worth. The purity of gold can be estimated from carat.

Gold is divided into five types in carats – 24 carat gold is considered the purest, which contains 99.99 percent gold. It is also called 999 gold. Apart from this, 22 carat gold contains 91.6 percent gold, the rest is a mixture of other metals.

18 carat gold contains 75 percent gold, 14 carat gold contains 58.3 percent gold and 10 carat gold contains 41.7 percent gold.

How to replace old jewelry?

Gold ornaments kept in the house for a long time get spoiled due to some reason or the other. If you want to replace your old jewelery with new jewellery, then it is very important for you to keep some important things in mind.

First of all you have to take your old jewelery to a trusted jeweller. It is very important to go to a trusted jeweller. Otherwise some fraud may happen to you.

The exchange process of a trusted jeweler is quite transparent. Even if you want to exchange online, do it only from a trusted site.

The jeweler will first remove all the artificial stones from your jewelery so that the value of only the gold can be calculated. It is cleaned thoroughly so that all the dust on it can be removed.

To check the purity of the jewellery, it is put in the XRF machine, where it becomes known what other metals are mixed in this gold. Every article of gold jewelery is scanned separately.

Each article has its own weight. The price of gold is noted based on its purity and weight but this is not the final price. After this your old precious jewelery is melted.

After the jewelery is melted, there may be a slight decrease in its weight due to dirt, discoloration or any damage.

How is the value of old jewelery determined?

After melting the old jewellery, its purity is once again checked through XRF machine. After taking three readings, the average value is considered to be the real purity of the old gold. After this the molten gold is weighed once again.

The final price is decided on the basis of this new purity and weight. If you are satisfied with this price, then the value of this old jewelery is adjusted in the price of new gold jewellery.

Is it necessary to melt old jewelry while exchanging it?

If you take your old jewelery to the same shop from where you first bought it, there is no need to melt it. Although some jewelers agree to exchange your old jewelery without melting it, but in return they deduct 25-30 per cent as wastage charges.

Hallmarked jewelery does not require melting as its purity (22k/18k/14k carat) is certified by the Bureau of Indian Standards (BIS).

Now understand with example

Let us assume the price of 18k gold is Rs 5000 and the price of 22k gold is Rs 6000. You want to exchange your old jewelery weighing 20 grams for new jewelery of the same weight. According to this rate, the cost of your old jewelery is Rs 1 lakh and the cost of new jewelery is Rs 1.20 lakh.

Will you have to pay only Rs 20,000 difference between these two values while changing jewellery? No. Apart from this, you will also have to pay GST and the shopkeeper can also charge wastage charge. Wastage charge is levied on the full value of the new jewellery.

If you are not paying wastage charge…

Price of new jewelery – Price of old jewelery + (3% GST on price of new jewellery)
120,000 – 100,000 + 3600 = 23,600

If you are paying 10% wastage charge then…
(Price of new jewelery – Price of old jewelery) + 10% wastage charge on the price of new jewelery + 3% GST
120,000 – 100,000 + 12,000 + 3960 = 35,960

Hallmarking is necessary to sell gold

How many carats the gold is can be found out by looking at the hallmark. The government has made hallmarking mandatory for selling gold jewelery from April 1, 2023. Without Hallmark Unique Identification Number (HUID) you cannot sell your old jewellery.

Even if you had purchased jewelery before the hallmarking rule came into force, you cannot sell or exchange it. Before selling old gold jewellery, it is mandatory to get it hallmarked.

According to Bureau of Indian Standards (BIS), if old jewelery is not hallmarked then one can easily get it hallmarked.

Jewelery is not made from 24k gold

24k is not written on any gold jewelery because it is 100% pure gold and a mixture of other metals is necessary to make any jewellery. To make jewellery, metals like copper, silver and platinum have to be mixed.

24k gold is considered best as an investment. Mostly 22k or 18k gold is used to make jewellery.

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 The thing to note is that once hallmarking is done on jewellery, it remains valid for life. The government has implemented the third phase of hallmarking in gold jewelery from September 8, 2023. In such a situation, the question arises that what is hallmarking and why has the government made it mandatory for gold jewellery. Know about this.

What is Hallmarking?

The government has made hallmarking of gold jewelery mandatory from July 1, 2023. In such a situation, now when buying any kind of gold, it is necessary to have Hallmark Unique Identification (HUID) number on it. Through hallmarking it is known what is the purity of gold. Every hallmarked jewelery has a 6 digit HUID i.e. Hallmark Unique Identification Digit. Through this digit, you can check the purity of gold online through BIS Care App.

How to check purity of gold through BIS Care App-

• If you want to check the purity of your gold, you can check it through BIS Care app.
• For this, first go to Google Play Store and download the app.
• Here you can choose Hindi or English language as per your need.  
• After this you go to the option of Check License Details and select the option of Verify HUID.
• After this, enter the HUID number here and you will get all the details related to the jewelery within a few minutes.

How much will be charged for hallmarking?

According to the report published in Economic Times, the Bureau of Indian Standards (BIS) has issued a notification on March 4, 2022, increasing the fee for hallmarking in gold jewelery from Rs 35 to Rs 45. At the same time, the price of hallmarking of silver jewelery has been increased from Rs 25 to Rs 35. At the same time, service charge of Rs 200 will be taken in gold jewelery and Rs 150 will be taken as service charge in silver jewellery.

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