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Kerala Becomes the First State to Have Hallmarking Centres in All Districts

Published on October 28, 2023
Current Context: Kerala has become the first state in India to have hallmarking centres in all its 14 districts. This move strengthens Kerala’s claim as the most reliable gold market.
Kerala Becomes the First State to Have Hallmarking Centres in All Districts
  • The gold business in Kerala is worth more than Rs.1 lakh crore with annual sales of around 250 tonnes.
  • There are about 12,000 gold merchants in the state, with the majority holding BIS registration.
  • The Bureau of Indian Standards made hallmarking compulsory to protect customers, especially those not aware of the market, from being taken for a ride by jewellers.
  • Hallmarking ensures accurate determination and official recording of the proportionate content of precious metal in jewellery, artefacts or bullion, and coins.
  • This move is expected to make Kerala a hub of gold business and further strengthen its claim to being the most reliable market in the country to buy gold ornaments.

Question:

Q.1 Which state in India has become the first to have hallmarking centres in all its districts?
a. Punjab
b. Kerala
c. Tamil Nadu
d. Maharashtra
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