Festive Silver Buying: If you are thinking of buying silver coins, utensils or gifts on this Dussehra, Diwali or Dhanteras, then you are not alone. Bringing silver into home is considered a symbol of prosperity and auspicious benefits. It is also an old tradition of Indian families.
But before shopping, it is important to know whether the silver you are taking is really pure or not. This is the work of assuring silver hallmarking. It is the official seal of purity. This guarantees that you are getting the same product, as claimed.
What is hallmarking
Hallmarking means detecting the exact amount of pure metal present in a precious metal and officially entering it. That is, it is a way to check that gold or silver is as pure as it is said.
Why hallmarking is done
The biggest objective of hallmarking is to protect consumers from fraud. The purity of gold or silver is often reduced. The customer is sold to fake or substandard metal at a real cost. Hallmarking prohibits this disturbance.
Also, establishing India as the world’s largest gold-silver market and increasing export capacity is also a objective of hallmarking. Hallmark has such important information that helps the customer to make the right decision. For example, the purity of metal, which jeweler has sold it, where has it been tested and in which year it was made many times.
What is seen in hallmark
The hallmark has some special scars from which purity is identified.
What to keep in mind when buying silver on the festival
If you are buying silver in this festive season, then always watching hallmark is the most important step. While buying, make sure that the invoice is clearly written ‘Bis Hallmarked’. Do not buy jewelery or article without hallmark, even if the price is slightly low. Apart from this, you can also check the reality of hallmark in real-time by using BIS CARE app.
Grade of new system and purity
The government has implemented a system of voluntary hallmarking for silver jewelery and articles from 1 September. The new system includes seven different purity grades- 800, 835, 925, 958, 970, 990 and 999. This means that now you will get more option and more transparency.
Keep these things in mind