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Q.

What is indian gold standard?

17 Jul '09 03:17 pm
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Answers (2)

1.

Carat.
Answered by Dare Devil, 17 Jul '09 08:05 pm

 
  
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The annual consumption of gold which was estimated at 65 tonnes in 1982, has increased to over 500 tonnes presently about 80% is for jewellery fabrication (mainly over 22 carat purity) for domestic demand.

HALLMARKING- CERTIFICATION OF GOLD:
Government of India took the cognizance and understood the necessity of protecting the public in its purchases of gold jewellery specially with regard to standards of fineness and the prevention of adulteration, be it deliberate or accidental. The principle objectives of the Hallmarking Scheme are to protect the public against the fraud of adulteration and to oblige manufacturers to maintain legal standards of fineness.

Hallmarking is the accurate determination and official recording of the proportionate content of precious metal in gold. Hallmarks are thus official marks used in many countries as a guarantee of purity or fineness of gold jewellery.

Taking cognizance of these aspects the RBI Standing Committee on Gold and Precious Metals ...more
Answered by Krishnakumar G. Nair, 17 Jul '09 03:46 pm

 
  
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