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Home Personal Finance Silver Hallmarking: Big news! After Gold, now Silver will be hallmarked, know...

Silver Hallmarking: Big news! After Gold, now Silver will be hallmarked, know when the new rule will come into effect

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Silver Hallmarking: Big news! After Gold, now Silver will be hallmarked, know when the new rule will come into effect

Silver Hallmarking: After gold, now silver will be hallmarked. Consideration is going on for hallmarking of silver.

Silver Hallmarking: There is good news for those investing in silver. After gold, now silver will be hallmarked. Consideration is going on for hallmarking of silver. Let us tell you that Hallmark Unique Identification Number (HUID) is mandatory on gold. The Bureau of Indian Standards (BIS) has made six-digit ‘alphanumeric’ HUID mandatory for hallmarked gold jewelery from April 1, 2023. Now only 6 digit Alphanumeric Hallmarking is valid. Without this, gold and jewelry will not be sold.

Silver will also be hallmarked

After HUID for gold, now silver hallmarking is under consideration. Apart from other issues, the durability of HUID on the silver surface is the current important issue. Unlike the durability of HUID on the surface of gold, HUID embossed on the surface of silver is likely to react with the environment and deteriorate. Ways to keep the HUID on the surface of silver inert to the environment are being considered to make it a reality.

What is Hallmarking?

The process of certifying the purity of gold is called Hallmarking. It is like a quality certificate. The government has set standards for the purity of gold, according to which gold is available in the market. BIS logo, purity grade and 6-digit alphanumeric code can be seen in hallmarked gold jewellery.

How to identify if the hallmark is real?

You can also check the jewellery with the help of BIS Care App created by the Bureau of Indian Standards. For this you have to install the app in the mobile. In this, you have to give your name, phone number and email ID and verify your mobile number and email ID through OTT. After this you can use the app. To check, go to Verify HUID and enter the HUID number of the jewellery. If the jewellery is genuine, then all the details like its purity, name of the product etc. will appear in the app.

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