BIS Hallmarking on the Gold Ornament
India uses the optional quality assurance procedure known as BIS hallmarking. According to the Government of India, it is the sole organisation authorised to test and mark the quality seal (BIS Hallmark). If you were to borrow gold, the gold with BIS hallmarking would be worth more per gramme than gold jewellery without the subject marking. Leading jewellers in Kerala and India affirm with the BIS quality standard as a voluntary option and utilise the marking as a marketing strategy. The BIS hallmarked gold would make a borrowing against gold simple. As we said in the paragraphs before, the markings would not affect the interest rate on gold loans.
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