Gold Purity Current Affairs - 2020

MECL Starts exploring the Kolar Gold Fields in Karnataka after 16 years

The Bharat Gold Mines Limited (BGML) in the Kolar Gold Field (KGF) again hopeful  for its revival in last 16 years after the Union Minister for Coal, Mines and Parliamentary Affairs Pralhad Joshi directed the Mineral Exploration Corporation Limited (MECL) to start exploring the gold fields. Background The Kolar Gold mine fields are located some Read More…

New Rules to sell hallmarked gold Artifacts

On January 14, 2020, the GoI announced that Indian jewellers shall be allowed to sell hallmarked gold artifacts that are made of 14, 18 and 22 carat gold alone. Also, it is mandatory for all jewellers to get compulsory hallmark. Currently gold hallmarking is voluntary. The mandatory ruling is to be implemented from January 15, Read More…

BND-4201: India’s first home-grown high purity gold reference standard launched

India Government Mint (IGM), a unit of Security Printing and Minting Corp of India Ltd has launched India’s first home-grown high purity gold reference standard –Bharatiya Nirdeshak Dravya (BND-4201). The BND-4201 is reference material for gold of ‘9999’ fineness (gold that is 99.99% pure with impurities of only 100 parts-per-million). It will be beneficial to Read More…