business π° Jewellers face higher gold hallmarking costs
The Bureau of Indian Standards raised the gold hallmarking fee by 67% to βΉ75 per article as festive and wedding demand rises. This hike affects jewellers across India, especially for lightweight jewellery pieces. The fee increased from βΉ45 and became effective on September 14th, adding compliance costs for retailers. Industry reps are worried about customer pushback on this added charge, despite its small value compared to the jewellery. Stakeholders are now calling for a review of the fee structure, suggesting lower slabs for smaller items.