Silver Purchase News: Do you also buy silver, or are thinking of buying it? So be careful, lest you too become a victim of fraud. Because according to a recently released survey, in the last five years, more than 30 percent customers have become victims of fraud or fraud while buying silver. This figure shows how much transparency there is in the market and at the same time also instructs customers to be careful.

hallmarking on silver
This survey has also revealed that 93 percent people have supported making hallmarking mandatory on silver items. So that he and many other people like him do not become victims of fraud. After which the government has also started hallmarking of silver jewelery and accessories, which has been linked to a digital identification system. This system came into effect from September 1, 2025, so that the purity of the goods can be known. Let us tell you that through hallmarking, an official seal or mark is put on the purity of gold or silver.

It is also mentioned in this report that, ‘According to some official updates, customers will also be able to verify many important information like article type, purity, date of hallmark, information of testing center and jeweler’s registration number through BIS Care mobile app.’

3 out of 10 people are victims of fraud
About 8 percent of the people included in this survey said that they were cheated once while buying silver. Whereas 42 percent people have not complained of any kind of fraud. Whereas 27 percent people did not say anything clearly about this. This means that almost 3 out of every 10 people get cheated or cheated while buying silver.

This survey shows how cautious we should be while buying gold or silver, so that the customer does not become a victim of any kind of fraud. Every consumer should buy silver from a trusted or certified jeweler and should also be aware of it before going.