The concept of every gold jewellery manufactured in India to have its own alphanumeric identity code, is yet to get a green signal from the Indian government, reports say. The code would be a nine-digit one and will be provided by every Hallmarking and Assaying centre to a jewellery piece. This is to enable determining purity and traceability, reports say.

Although at present, there is a voluntary hallmarking of gold which takes place in India, wherein the organised retailers are retailing gold jewellery carrying the Bureau of Indian Standard (BIS) hallmark at a premium to local jewellers, reports add. With the new authentication code, there would be a uniform standard for gold ornaments determined and the ornaments can be resold at a uniform price. Currently, price and resale price of the gold jewellery varies per jeweller, reports say.