How To Sell Old Gold As Hallmarking Becomes Mandatory?

The decision that was taken long back was due to be implemented early this year. As the pandemic shifted the date to June, it finally became a reality yesterday. In a meeting, chaired by Consumer Affairs Minister Piyush Goyal, it was decided that hallmarking on gold would be mandatory from June 16. As the decision is an historic one and would require a lot of preparation, some exceptions are there too. The decision was welcomed by one and all as it directly affects their safety. The decision to make hallmarking mandatory was announced in late 2019 but took one and a half years to be implemented. Let us understand what things are exempted and what are not and how you can still sell gold Delhi NCR at the best price.

What Are The Exemptions?

The government knew that the decision was a big one and not everyone would be prepared for it. The pandemic changed things drastically too. This is why a lot of exemptions are there.

• Any jeweller with a revenue of less than 40 lakh per annum doesn't need to hallmark their gold.
• Many items such as golden watch, special pens are exempted from it too.
• There are various traders and jewellers who import and export jewellery as per government policies, they are also given a free hand.
• Gold that would be used for exhibition at the international stage is exempted too.

How To Sell Old Gold?

• The government has taken care of those who are looking for a gold buyer near me to sell their gold.
• Gold buyers and sellers have been ordered to accept old jewellery from the sellers in exchange for cash.
• Various genuine gold buyers such as Cashfor gold and Silverkings accept all types of jewellery.
• You will get the complete value of your gold even without a hallmark.

The government has done all this to ensure that you do not buy any fake gold. We also advise you not to sell your gold to fake buyers and trust only us.