The prices of gold are continuously increasing and now it is becoming beyond the reach of the common man. Due to the high cost of 24 carat and 22 carat gold jewellery, it is out of the budget of many people for everyday use. In this situation, 9 carat gold i.e. gold with 37.5 percent purity is emerging as an economical and attractive option. The government has recently approved the hallmarking of 9 carat gold, making it formally part of the hallmarking system of the Bureau of Indian Standards (BIS). So let us know what 9 carat gold is like and what effect it will have on the jewelery market after the approval of hallmarking from the government.

What is 9 carat gold?

9 carat gold contains only 37.5 percent gold. In the remaining 62.5 percent, metals like silver and copper together make it strong and durable. It is also safe for everyday wear as it is lightweight. This jewelery looks expensive but is cheap in price. The young generation and people who like trendy jewelery are now including it in their fashion style.

meaning of hallmarking

Hallmarking means certifying the purity and quality of gold in jewellery. The hallmarking system operated under BIS assures consumers that the gold in their jewelery is as per the standards. Through hallmarking, every jewelery gets BIS logo, gold purity grade (eg 375) and a unique 6 digit HUID code. This provides protection to customers from adulteration and transparency in purchasing.

What will be the impact on the jewelery market after the approval of 9 carat gold hallmarking?

The government’s hallmarking approval has increased the credibility of 9 carat gold. Its biggest advantage will be that new customers will be attracted to the jewelery industry, especially those who are buying gold for the first time or want light and fashionable jewelery for everyday wear. Along with this, it will make Indian jewelery competitive in the export market also.

Due to rising prices of gold, the youth is giving preference to light and modern jewellery. The use of 9 carat gold in small and light necklaces, pendants, bracelets and earrings is increasing rapidly. Despite looking expensive, this jewelery is budget friendly and considered safe for everyday wear.

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