India makes hallmarking gold jewellery

January 04, 2012 13:00
India makes hallmarking gold jewellery

India has made hallmarking gold jewellery for quality control mandatory, a senior government minister said.

India is the world's biggest consumer of gold but quality is sometimes a problem, especially with small jewellers and customers face problems during redemption.

Gold imports by India plunged 56 percent to 125 tonnes in the fourth quarter, cutting full-year imports by 8.4 percent as record high prices and high interest rates hit demand.

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