Shares of jewellery firms are in focus today after the Bureau of Indian Standards raised gold hallmarking fee by 67%. The hallmarking fee has been increased from Rs 45 to Rs 75 per gold article. New rates are effective from September 14, 2026. Minimum charge for gold consignments has been fixed at Rs 200.
Shares of listed jewellery brands Titan, Kalyan Jewellers, PC Jeweller and Senco Gold among others are likely to be affected today by the latest move.
Silver hallmarking fee
However silver hallmarking fees has not been increased. The fee for silver articles remains unchanged at Rs 35 per article. In addition, a minimum fee of Rs 150 is applicable per silver consignment.
For silver articles, the Assaying and Hallmarking Centre (AHC) will have to pay a fee of Rs 3.50 per article to the Bureau of Indian Standards (BIS), with a minimum fee of Rs 15 applicable per consignment.
Impact on consumer
The hallmarking charge is paid by the jeweller and is not directly levied on the customer. However, any rise in the jeweller's operating costs is likely to be passed on to consumers via higher prices. As a result, the revised charges could have an indirect impact on customers.
BIS, the National Standards Body of India, says that hallmarking is the accurate determination and official recording of the proportionate content of precious metal in precious metal articles.
The principle objectives of the Hallmarking Scheme are to protect the public against adulteration and to obligate manufacturers to maintain legal standards of fineness. In India, at present two precious metals namely gold and silver have been brought under the purview of Hallmarking.
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