National News
BIS launches pilot project to digitally capture hallmarked jewellery details
On the occasion of World Standards Day 2025 on 14 October, the Bureau of Indian Standards (BIS) launched a pilot project to digitally capture the weight and photograph of hallmarked jewellery across 25 Assaying and Hallmarking Centres (AHCs). The initiative aims to boost transparency in the hallmarking process by recording each jewellery item’s image and weight directly on the BIS portal.
Under the system, cameras will capture clear images of the jewellery and its unique HUID number, while integrated weighing balances will automatically upload the weight, eliminating manual errors. Consumers can verify the authenticity of hallmarked jewellery by viewing these details on the BIS Care mobile app, ensuring greater transparency and informed buying.The pilot will run for one month across the selected AHCs before being expanded nationwide.
A key component of the project is consumer accessibility. Through the BIS Care mobile app, buyers will be able to verify the authenticity and specifications of any hallmarked jewellery item by simply entering the HUID number. The app will display the corresponding photograph and weight details, empowering consumers to make informed and confident purchasing decisions.
Pilot Implementation and Next Steps
The project will operate on a pilot basis for one month across the 25 participating AHCs. BIS will monitor system performance, data accuracy, and consumer response during this period. Based on the outcomes and feedback, the initiative will be scaled up nationwide, covering all BIS-recognised hallmarking centres.
According to BIS officials, this initiative is a major milestone in aligning India’s hallmarking process with global best practices in standardisation and traceability. It supports the government’s ongoing efforts to ensure trust, transparency, and technology-driven oversight in the gems and jewellery industry.
Driving Digital Transformation in Hallmarking
The pilot also reflects BIS’s broader digital transformation strategy, which leverages technology to improve service delivery and consumer engagement. By combining data-driven systems, real-time verification, and digital recordkeeping, BIS aims to strengthen the integrity of hallmarking — a cornerstone of quality assurance in precious metals.
As India continues to witness rising consumer demand for hallmarked gold and silver jewellery, this initiative promises to set a new benchmark for authenticity and accountability in the marketplace.
National News
Gold & Precious Metals – A future outlook
The session saw a power packed panel of experts that comprisedSurendra Mehta, National Secretary- IBJA,Ranjith Singh,Head of Business Development, IIBX, Shweta Dhanak, Director – Vijay Exports,S Thirupathi Rajan, MD Goldsmith Academy, Shivanshu Mehta, SVP & Head Bullion-MCX.The session was moderated by Chirag Seth, Principal Consultant, Metals Focus.
Some salient points made by the panelists:
- Gold prices are not linked to consumer demand. They are linked to central bank buying and ETFs
- Till the banking system doesn’t collapse, gold price will continue to rise


- Jewellers were advised to use a mix of futures and options for risk mitigation


- Given the current situation manufacturers selling on credit or unfavorable deals could be fatal flaw for business.
- Precious metals forecast: Surendra Mehta said he sees gold in 2026 in $4900-5100 range and silver in $90-105.Looking further he said by 2030-2035 gold could touch $18000- 20000 and silver could reach $500. Chirag Seth predicted silver touching $105 this year and gold moving in the $ 5200- $ 5500.
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