Include 20 carat gold jewellery in hallmark standards: CAIT

By: |
New Delhi | Updated: November 19, 2017 8:41:50 PM

Traders' body CAIT today urged Union Minister Ram Vilas Paswan to include 20 carat gold having a purity of 83.33 per cent in international hallmark standards for gold jewellery.

Gold jewellery, jewellery, 20 carat gold, Ram Vilas Paswan, Gold purity, Confederation of All India Traders, CAIT, international standardsTraders’ body CAIT today urged Union Minister Ram Vilas Paswan to include 20 carat gold having a purity of 83.33 per cent in international hallmark standards for gold jewellery. (Image: Reuters)

Traders’ body CAIT today urged Union Minister Ram Vilas Paswan to include 20 carat gold having a purity of 83.33 per cent in international hallmark standards for gold jewellery. In a letter to the Consumer Affairs Minister sent today, the Confederation of All India Traders (CAIT) argued that the move will enable the jewellers to make light jewellery at reasonable prices for consumers. The Centre has agreed to 14, 18 and 22 carat quality of gold as hallmark standards, which are international standards and the government is about to enforce these in the country, CAIT said.

CAIT Secretary General Praveen Khandelwal called upon Paswan to include one new standard of 20 carat having purity of 83.3 percent in hallmark standards. “On one side it will be easily reachable commodity for common man on the other side it will enhance the creditability and trust between traders and consumers,” he said.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Next Stories
1Gold prices dip, rangebound as investors digest US tax plan vote
2Experts to brainstorm tech innovations to improve oil and gas exploration
3Gold edges up from one-week low after US dollar dips