We all are aware that gold has been a symbol of wealth, prosperity and security for ages. Thus, when picking up gold, it’s essential to understand the difference between hallmarked and non-hallmarked gold. Comprehending this ensures that an individual gets the right value for money, and this helps one make an informed decision. Hence, in this very blog we will explore the key differences between hallmarked and non-hallmarked gold, their significance and also why it matters to buyers. We will elaborate on Hallmarked gold Vs Non Hallmarked gold.
What is Hallmarked Gold?
Many people ask, “What is Hallmarked Gold?” In short, hallmarked gold refers to gold that has been trusted and certified for its purity by an authorized body. In India, the Bureau of Indian Standards is the agency responsible for hallmarking gold under the Hallmarking scheme.
Meaning and Process of Hallmarking
Here, the gold item is tested for its purity, and once it meets the required needs and standards, it is stamped with a hallmark that showcases its purity level.
Components of a Hallmark
A hallmark typically includes the following components:
- BIS Logo – Confirms that the gold is certified by the Bureau of Indian Standards.
- Purity Grade (in Karat and Fineness) – Indicates the purity of the gold, such as 22K (916), 18K (750), or 14K (585).
- Jeweler’s Identification Mark – Identifies the jeweler who submitted the gold for hallmarking.
- Assaying Centre’s Mark – Confirms the location where the gold was tested and certified.
- Year of Marking – Indicated by an alphabetic code representing the year of hallmarking.
Explore Purity Assurance
Here, the gold should meet the specified karat level. In short, if a piece of jewellery is marked as 22k, it means that it contains 91.6% pure gold and the rest are alloys.
What is Non-Hallmarked Gold?
This kind of gold refers to that which has not been certified for its purity by an authorized agency like BIS. In such situations, the purity of the gold is based on the seller’s assurance rather than a standardized certification.
Meaning and Identification
This kind of non-hallmarked gold is sold by local jewellers without any official certification. The purity of the non-hallmarked gold is seen based on reputation of the jeweller.
Lack of Official Certification
We all are now aware that non-hallmarked gold is not certified, and there is no formal assurance of purity. Thus, the actual gold content may be lower than what is claimed by the jeweller. For example, a piece that is market as 22K might actually contain only 85% pure gold instead of 91.6%
Uncertain Purity and Value
It’s common that non-hallmarked gold allows for a risk of misrepresentation. Thus, it is common that buyers might end up paying for higher purity than what they are actually getting.
Some Key Difference Between Hallmarked and Non-Hallmarked Gold
Certification:
Hallmark gold is Certified by BIS or authorized body
Non Hallmark gold has no official certification
Purity Marking:
Hallmark gold is clearly stamped with purity details
Non Hallmarked gold has no official purity marking
Legal Compliance:
Hallmark gold complies with BIS Hallmarking standards
Non Halmarked gold has no compliance required
Transparency
Hallmark gold has high transparency in gold quality
Non Hallmarked gold has uncertainity regarding purity
What Are The Core Benefits of Hallmarked Gold,
Protection from Fraud
One of the core importance of hallmarked gold is that it protects buyers from fraud and misrepresentation. This reduced the chances of getting impure gold.
Higher Resale Value
One should know that Hallmarked gold has a higher resale value as buyers and gold traders trust the official certification.
Peace of Mind
Knowing that your gold is hallmarked provides peace of mind that you are getting genuine value for your investment.
Know The Difference Between Hallmarked and Non-Hallmarked Gold
By understanding these differences, one can opt for the kind of gold they want. We have also elaborated on Gold hallmarking benefits.
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