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Is BIS hallmarking mandatory for all gold jewellery sold in India?

A: Yes – BIS Hallmarking is compulsory for all gold jewellery items above 2 grams since June 2021; manufacturers and retailers selling non-hallmarked gold jewellery face fines up to ₹1 lakh per piece or 5x the article value.

What is HUID and why does every gold piece need it?

A: HUID (Hallmark Unique Identification) is a 6-digit alphanumeric code laser-engraved on each jewellery piece that makes it traceable to the BIS-certified assaying centre – mandatory for all hallmarked jewellery post-June 2021.

What is the difference between 22kt and 18kt gold jewellery?

A: 22kt (916) gold contains 91.6% pure gold and is the standard for traditional Indian jewellery; 18kt (750) contains 75% gold and is harder, preferred for lightweight modern designs and diamond-set pieces.

How is gold jewellery priced in India?

A: Price = (net gold weight * daily MCX gold rate for that karatage) + making charges (₹300–₹2,000 per gram for handmade, ₹150–₹600 for machine-made) + GST 3% on the full value.

What is the GST rate on gold jewellery in India?

A: GST on gold jewellery is 3% on the total value (gold + making charges); making charges alone attract 5% GST if charged separately – jewellers must issue proper HSN 7113 GST invoices.