Gold and Silver Rate in Kolkata: Lotus gold price, buy at this rate – Economics

Have you kept gold at home? And you think that you will sell only when the price of gold increases? But let me tell you that the gold kept at home is nothing but a scam. Because if you don’t have a thing in gold, you can’t sell it even if you want gold from now on. We are not saying that, the Indian government has recently issued such a rule. But I will reveal what that rule is. Gold is not only an ornament but also gives us financial security. People buy gold, mortgage it at times and take loans or some even sell it again. The Indian government has recently issued a regulation that has completely changed the way gold is traded. According to the rules that came into effect from April 1, it is mandatory for jewelery or any type of gold to have the Hallmark Unique Identification Number abbreviated as HUID. However, if you have un-hallmarked gold, you cannot sell it. According to the Bureau of Indian Standards, you must get the gold hallmarked before selling or exchanging it. There are two ways in this case. Either go to a BIS approved gold shop and get your gold hallmarked. Alternatively, one can go to BIS’s Testing and Quality Assurance Center and get tested by himself without going to a jeweller. The cost is roughly the same in both cases. After the quality check, the gold can be taken to any gold shop for sale or other use. The new rule also states that if the hallmark has already been done, it does not need to be done anew.