How gold is hallmarked in India vs the rest of the world

History and Facts 10 Sep 2018

In order to protect the rights of consumers, government has made hallmarking of gold jewellery mandatory in India. So, whenever you plan to buy gold, make sure to purchase gold jewellery, coins or bar, which consist of all four symbols of BIS hallmark.

Gold Glossary

Karat

Karat is a unit of gold purity with 24 karat gold being the purest form. Karats are calculated by multiplying the mass of pure gold in the coin by 24, then dividing it by the total mass of the coin.

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Grams

of gold today

The chemical formula for gold is Au which is short for the Latin word ‘aurum’ meaning shining dawn.

Did you know

The chemical formula for gold is Au which is short for the Latin word ‘aurum’ meaning shining dawn.

Gold Glossary

Capital gains

Capital gains refer to the gains that the investors in gold have made from the sale of gold. Capital gains on gold are taxed in India. Therefore, one must make sure to ask for a proper bill while purchasing gold.

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Grams

of gold today

It is rarer to find a one ounce nugget of gold than a five carat diamond.

Did you know

It is rarer to find a one ounce nugget of gold than a five carat diamond.