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Selling your old jewellery can be difficult now, gov changes the rules

Old Jewellery: The rules for buying and selling gold jewellery have changed now. The new rules came into force on 1 April 2023. In such a situation, there may be a problem in selling old gold ornaments. The government has made hallmarking mandatory from 1 April 2023. In such a situation, jewellery without a hallmark […]

Edited By : Aditya Singh | Updated: May 18, 2023 17:43 IST
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Old Jewellery: The rules for buying and selling gold jewellery have changed now. The new rules came into force on 1 April 2023. In such a situation, there may be a problem in selling old gold ornaments.

The government has made hallmarking mandatory from 1 April 2023. In such a situation, jewellery without a hallmark cannot be bought and sold in the entire country. In such a situation, those who have non-hallmarked jewellery will have to face difficulties in selling it or getting other jewellery instead.

Hallmarked jewellery has the logo of the Bureau of Indian Standards (BIS). Apart from this, it is told how many carats of gold the jewellery is. Jewellery is usually made of 18 to 22-carat gold. With this happening, now jewellers will not be able to cheat customers easily.

According to BIS rules, if someone is in possession of non-hallmarked jewellery, then it will have to be hallmarked before selling it. Only after getting this, the jewellery can be sold. For hallmarking old jewellaries one has to pay a fee of Rs 45 per piece 

Also Read: Gold Price Today, 18 May 2023: Gold price drops by Rs1,100 in wedding season, Know rate from Delhi-Mumbai-Kolkata to Lucknow

First published on: May 18, 2023 05:43 PM IST

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