GLOSSARY

BIS Hallmark

It is a hallmarking system for gold and silver jewellery in India. Bureau of Indian Standards (BIS) Hallmark is used for certifying the purity of gold/silver. BIS Hallmark on a gold product certifies that it complies with the standards laid down by the Bureau of Indian Standards, the national standards organisation of India.

Bullion

Bullion includes precious metals in the form of bars of minimum 99.5% purity.

Bullion coin

It is a coin, which possesses a symbolic face value and trades at a price with respect to its intrinsic value.