The benchmark to follow while buying gold online is to look for Hallmark certification. It is imperative for you to ensure that the gold you buy is from a BIS (Bureau of Indian Standards) Hallmarked jeweller. And the ornament/coin/bar carries BIS hallmark.
Ladies always eye for this yellow metal. Many people say buying gold coins is a good investment as they come in 24K. They surely are, but remember they too have making charges that differs from seller to seller. As for gold ornaments, all of them have their own making charges. So, while buying it is important to get the calculation right. Look for things like weight of the gold, making charges and price of stones and other embellishments embedded. In an estimate India consumers over 500 tonnes of gold every year and 80% of this is used in jewellery manufacture. Rural India accounts for nearly 70% of Indian gold consumption.However, the purity of gold has always been of great concern for households in India. We are all well aware that large scale sales of gold are prevalent in India which is far from pure gold. All over India crores of people are being cheated by jewellers.
In order to solve above mentioned issue, Government of India’ has identified BIS a sole agency in India to operate this scheme. BIS hallmarking Scheme is voluntary in nature and is operating under BIS Act, Rules and Regulations. It operates on the basis of trust and thus it is desirable that aspect of quality control are in built in the system responsible for managing quality.
Hallmarking is the accurate determination and official recording of the proportionate content of precious metal in precious metal articles.Hallmarks are thus official marks used in many countries as a guarantee of purity or fineness of precious metal articles.