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#Economy #Governance Hallmark Gold What?- certifying the | VK IAS- prelims (UPSC highlights)

#Economy #Governance

Hallmark Gold

What?- certifying the purity and fineness of gold

Body responsible : Bureau of Indian Standards, the National Standards Body of India, is responsible for hallmarking gold as well as silver jewellery under the BIS Act.

Purity in carat and fineness (corresponding to given caratage KT)
22K916 (91.6% Purity)
18K750 (75% Purity)
14K585 (58.5% Purity)

Purpose of the move : Mandatory hallmarking would protect the public against lower caratage and ensure consumers did not get cheated while buying gold ornaments and got the purity as marked on the ornaments.