Mandatory Silver Hallmarking Coming Soon to Prevent Fraud, Government Plans Revealed

• Government plans mandatory hallmarking for silver items, similar to gold, to curb fraud against consumers.
• Currently, silver hallmarking is voluntary, using a Hallmark Unique Identification (HUID) number for purity and traceability.
• BIS is assessing regulatory and infrastructure needs, including testing capacity, before implementing mandatory hallmarking.
• Voluntary silver hallmarking is increasing, but no fixed timeline has been set for mandatory implementation yet.
• India is a top silver consumer; the government will leverage its experience from mandatory gold hallmarking.

Why It Matters: India plans mandatory silver hallmarking to protect consumers from fraud, similar to gold.