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Understanding hallmark symbols on gold
Ever picked up a gold ornament and noticed tiny symbols stamped on it? Those small marks carry big meaning. Hallmark symbols on gold help you understand where the gold comes from, how pure it is, and whether it is genuine. When you buy gold, these marks act like a quality guarantee, giving you confidence that you are not investing in imitation or low-purity gold.
In India, you usually come across three types of hallmark symbols. The BIS hallmark, issued by the Bureau of Indian Standards, is the most trusted. It includes key details such as the BIS logo, purity mark, jeweller’s identification, and the assaying centre’s mark. Non-BIS hallmarks are issued by private agencies and are considered less reliable. International hallmarks, on the other hand, are recognised globally and confirm that the gold meets international purity standards. These hallmark stamps make it easier for you to verify gold purity and buy with peace of mind.
What is gold hallmarking HUID number?
The Hallmark Unique Identification (HUID) number is a six-digit alphanumeric code assigned to each piece of jewellery at the time of hallmarking. This unique identifier ensures the traceability of each gold item, enhancing the credibility of hallmarking and addressing complaints regarding the purity of hallmarked jewellery. The HUID number is manually stamped on the jewellery at the Assaying & Hallmarking Centre (AHC).
The purpose of the HUID is twofold: it gives a distinct identity to each piece of jewellery, and it ensures the purity of hallmarked jewellery while checking for any malpractice. The HUID system is secure and poses no risk to data privacy or security.
What is the purpose of gold hallmarking ?
Gold hallmarking serves a crucial purpose in the gold industry. It is a certification process that assures the purity and fineness of gold jewellery. The Bureau of Indian Standards (BIS), a government body, is responsible for this process. The primary purpose of hallmarking is to protect consumers from fraud or cheating when purchasing gold jewellery.
Consumers may not always be aware of the purity of gold in a particular piece of jewellery. They could be misled into buying gold jewellery of lesser purity than promised. Hallmarking addresses this issue by providing a guarantee of the purity of gold jewellery. It ensures that consumers get exactly what they pay for, eliminating the risk of being cheated.
Want to make the most of your hallmarked gold? Check your gold loan eligibility today and unlock quick funds against your verified jewellery—all while ensuring complete safety and transparency.
Conclusion
In conclusion, gold hallmarking is a significant practice in the gold industry. It brings transparency to the process of buying gold and safeguards consumer interests. It ensures that consumers get the promised purity when buying gold jewellery, thereby enhancing their trust in the gold market.
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