Govt plans to make gold hallmarking mandatory soon: Consumers Affairs Minister Ram Vilas Paswan
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.
"BIS has set standards for hallmarking of gold jewellery in three grades of 14 carat, 18 carat and 22 carat. We are going to make it mandatory soon," Paswan said at a BIS event organised to commemorate World Standards Day with a theme on 'Global Standards and the fourth Industrial Revolution'.
Paswan, however, did not specify the date of implementation of the mandatory gold hallmarking, but stressed on the need to adopt the standards in the interest of consumers.
India has over 220 BIS-recognised assaying and hallmarking centres; and maximum of them are located in Tamil Nadu, followed by Kerala.
As fourth industrial revolution would be of smart technologies, the minister said the BIS has a challenge to speed up the work in setting standards to ensure the country is not lagging behind in this area.
Paswan launched the revamped website of BIS and the pre-standardisation report on smart manufacturing.
Minister of State for Consumer Affairs C R Chaudhary too emphasised that the need of the hour is to discuss setting of standards for new smart technologies like artificial intelligence that are being embraced by the industry.