India Expands Mandatory Gold Hallmarking to 56 Additional Districts, Aims for Nationwide Implementation
In a bid to enhance consumer protection and transparency in the gold market, the Indian government is poised to extend the gold hallmarking requirement to an additional 56 districts, a significant stride from the current 288 districts. The overarching objective is to eventually enforce the sale of exclusively hallmarked gold in all 766 districts across the nation. As a preliminary step, the proposed measure aims to restrict the sale of gold without proper hallmarking to 344 districts.To deliberate on the implementation strategy of this pivotal initiative, the Department of Consumer Affairs (DoCA) and the Bureau of Indian Standards (BIS) are scheduled to hold a collaborative meeting on August 17. Representatives from the jewelry sector, bullion associations, and other pertinent stakeholders are set to participate in this crucial discussion.A notable development…