Sale of gold jewellery hallmarked without six-digit code to be banned from next month

New Delhi, Mar 4:-- Government has decided to ban the sale of gold jewellery and gold artefacts hallmarked without a six-digit code from next month. The Ministry of Consumer Affairs, Food and Public Distribution in a statement said that the decision has been taken to ensure quality culture in micro sale units. The decision was taken after a review meeting of the Bureau of Indian Standards (BIS), chaired by the union Commerce and Industry Minister Piyush Goyal, held on 03rd March 2023.

The Ministry informed that in an effort to promote quality culture in micro scale units, BIS is providing an 80 per cent concession on the certification/minimum marking fee across various product certification schemes of BIS. It said additionally, units located in the North-East will continue to receive an extra 10 per cent concession.

The Union Minister stated that the Government is committed to ensuring that all products in India meet the highest quality and safety standards. He said, these measures shall promote micro scale units, enhance the testing infrastructure, and develop a culture of quality consciousness among citizens.

Related Business News

Modi govt in ‘panic mode’ over economy, says congress

New Delhi : Congress on Thursday claimed that the Narendra Modi government was in “panic mode” over the state of the economy and accused it of resorting to short-term measures instead of addressing deeper structural issues affecting private investment and growth. In a statement, Co....

Odisha Congress seeks a timeline for Chandikhol Crude Oil Storage Project

Bhubaneswar, May 20 (UNI) The Odisha Congress on Tuesday demanded that the Centre and the State government announce a definite date for the commencement of the proposed Chandikhol crude oil storage project, alleging that the project has remained stalled for over a decade despite repeated promi....

Gold and Silver Prices Decline, Know the New Rates

Gold and silver prices are witnessing continuous fluctuations. On Monday, as soon as the commodity market (MCX) opened, a slight decline was recorded in gold and silver prices.On MCX, the Gold June 5, 2026 contract opened at ?1,52,695 compared to the previous close of ?1,52,699. The Silver May....

Wholesale Inflation Rises to 3.88% in March; Oil and Metals Become Costlier, Sharp Surge in Jewellery Prices

The Wholesale Price Index (WPI)-based inflation rate rose to 3.88 percent in March, up from 2.13 percent in February,the Ministry of Commerce and Industry said on Wednesday. The rise in wholesale inflation in March was primarily driven by an increase in prices of crude petroleum and natural ga....

‘We Will Not Allow China to Buy Iranian Oil’: US Treasury Secretary Scott Bessent

Amid ongoing tensions in the Middle East, the United States has taken a tough stance on China, making it clear that it will not allow Beijing to purchase oil from Iran. US Treasury Secretary Scott Bessent said that the proposed blockade will ensure that no Chinese or other ships can pass throu....