: Govt bans sale of hallmarked gold jewellery without HUID from April 1, 2023 #FinanceIndia #StockMarketNEWS Govt bans sale of hallmarked gold jewellery without HUID from April 1, 2023 New Delhi, Mar

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Govt bans sale of hallmarked gold jewellery without HUID from April 1, 2023 #FinanceIndia #StockMarketNEWS
Govt bans sale of hallmarked gold jewellery without HUID from April 1, 2023 New Delhi, Mar 4 (KNN) The central government announced on Friday that sale of gold jewellery and gold artefacts hallmarked without six-digit alphanumeric HUID, unique identification number shall not be permitted from April 1, 2023.

Food and Consumer Affairs Minister Piyush Goyal on Friday chaired a meeting to review the activities of Bureau of Indian Standards (BIS).

Gold hallmarking is a purity certification of the precious metal. It was voluntary in nature till June 16, 2021.

After that, the government decided to implement mandatory gold hallmarking in a phased manner.

In the first phase, it was made mandatory in 256 districts and 32 more districts were added in the second stage, taking the total number to 288 districts. 51 more districts are being added.

"Starting from 1st April 2023, the sale of only gold jewellery with HUID shall be permitted," an official statement said. (KNN Bureau)

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