India makes hallmarking gold jewellery mandatory

India has made hallmarking gold jewellery for quality control mandatory, a senior government minister said.

India is the world’s biggest consumer of gold but quality is sometimes a problem, especially with small jewellers and customers face problems during redemption.

Gold imports by India plunged 56% to 125 tonnes in the fourth quarter, cutting full-year imports by 8.4% as record high prices and high interest rates hit demand. – Reuters

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Posted by admin on Jan 4 2012. Filed under Gold price. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry