Even hallmarked gold jewellery in India vary in purity: WGC

July 30, 2015 16:37

It may come as a shock to some, but even gold jewellery that has Hallmark certification vary in purity, the World Gold Council on Thursday said while calling for urgent steps to improve quality standards in the world's largest gold consuming nation.
The improvements to the hallmarking system in India are not only essential to a successful gold monetisation scheme but also help to boost the country's gold jewellery exports from the existing $8 billion to $40 billion in the next five years, it said.
The hallmarking of gold, which is voluntary in nature at present, is a purity certification of the precious metal.

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