Silver Hallmarking– The government will consider making hallmarking of silver jewellery mandatory after evaluating the impact of the process of making hallmarking of silver jewellery and items mandatory on a voluntary basis. The government on September 4 announced the introduction of voluntary hallmarking for silver jewellery and articles effective from September 1.
In this, a digital identification system will be implemented to ensure the purity of the metal in the interest of consumers.
Silver prices continue to rise
Let us tell you that the trend of increase in the prices of gold and silver continues and the price of both precious metals has reached a new all-time high. According to the All India Sarafa Association, the price of silver in Delhi on Friday increased by four thousand rupees and reached Rs 1.32 lakh per kg.
How to identify hallmarking of silver?
The Bureau of Indian Standards (BIS) has set 6 new standards for the purity of silver – 800, 835, 900, 925, 970 and 990. According to BIS, hallmarking on silver jewellery will include 3 important things. First of all, there will be the BIS mark and ‘SILVER’ will be written with it. Right next to this, the grade of silver will be written like 800, 835, 900, 925, 970 and 990.
Let us tell you that this grade will be an indication of how pure the silver you are buying is. Silver with 990 grade will be the purest silver. The last and third thing in hallmarking will be a 6-digit alphanumeric code. This code can be a combination of digits, alphabets or both.
Let us tell you that the government has started the rule of hallmarking to protect the common people from fraud while buying silver. Many people complain that the silver jewellery they have bought is adulterated. Shopkeepers take money for pure silver from customers and sell them jewellery made of adulterated silver. Hallmarking will make it clear how pure your silver is and how adulterated it is. Let us tell you that metals like copper and nickel are mixed in silver jewellery.