Guide to the Precious Metals Marking Act and Regulations
BIS or the Bureau of Indian Standards is what determines standards about precious metals and has set rules and regulations regarding it. As per the BIS Act, 1986 the bureau enables setting standards for hallmarking related to precious metals and jewellery, this includes gold. This act is more like the legal recognition as per the act. The process is made mandatory by the Indian Government that regulates precious metals and jewellery taking care of the standards after a thorough assessment of consumer needs as deemed necessary by the Ministry of Consumer Affairs.

BIS and Hallmarking
It was in the year 2000 hallmarking of precious metal like gold began that assured of its purity. Jewellers dealing in the metal should apply for its license from the BIS. Then the good were to be hallmarked by the said BIS centre. As per the authority if a jeweller fails to be recognized by the BIS the sellers can be penalised by license revoked by the authority as well as being fined, this is when the jeweller is found guilty of misusing the license.

Following are some of the essential rules by the BIS related to hallmarking and the regulations act:
• The regulations are called BIS regulations 2006 or hallmarking of precious metal articles.
• The meaning of Act is the Bureau of Indian Standards Act, 1986 (63 of 1986).
• The Bureau of Indian Standards Rules, 1987 is called the rules.
• Hallmarking is related to accurate determining and official recording of the amount of precious metal in the metal articles.
• What defines the word Hallmark is the Standard Mark as per the Section 2(t) of BIS Act, 1986.
• As per the precious metal articles with respect to BIS, the metals defined under the category would be gold, palladium, silver and platinum.
• If one is to define precious metal alloy then this would be a solid solution that would comprise of at least one of the mentioned precious metal.

• Defining precious metal article would be any piece of jewellery, artefacts (medallions, coins and utensils), metals made by goldsmith, silversmith or even watchmakers who make an entire piece with precious metal or some parts comprising it. Additionally, it would also include any item made by another professional containing all or some part of precious metals or even their alloys.
• Fineness would be defined as the precious metal or metals that are measured as per all or some marts per thousand by mass of alloy.
• Assaying and hallmarking of these metals is done and carried on at dedicated assaying and hallmarking centre.
• Assaying is the method that determines the accuracy of any of the given precious metals.

The BIS now stands as the National Standards Body of India that certifies gold quality that is as low as nine K or carat. This amendment has been made recently as to include the grading of lowest carat of metal that was only 18 to24 K gold. This was done to enable the consumer to understand at what grade the metal was being sold and the distinctions be made clear about it. This act as been recently amended to ease the understanding of customers and to facilitate the business regarding trading of precious metals.

It is to be understood that in order to understand about the purity of metal it is essential that certain tests be done that determine its purity and then there are other marks like hallmark that is assurance for the quality of it. BIS is the authority that helps in identifying hallmarking centres and provides recognition as well. With all these standards in place all the jewellery that is sold is quality assured.