Awareness

Advisory for Consumer for Purchase of Gold Jewellery

  • Preferably Buy only Hallmarked Jewellery
  • Preferably Buy only from BIS certified/approved jewellery shop
  • Insist on Bill for Purchaseof Golld jewellery
  • Give a missed call on 8955664433 for IBJA's Indicative rate of Gold Jewellery
  • Verify Hallmarking marks on the Jewellery with Magnifying glasses
  • Hallmarked Jewellery is only available in 14KT (585 Purity). 18KT (750 Purity) and 22KT (916 Purity)
  • Each Hallmarked Jewellery has four marks -
    • BIS Mark
    • Purity in Karat and fineness
    • Assaying & Hallmarking centre Identification Number/Mark
    • Jewellers Identification Number
    • Check Exchange policy, Buyback policy before buying Jewellery

Advisory for consumer willing to invest in Advance instalment Scheme run by the jeweller

  • Check the credentials, profile, and goodwill, of the jewellers.
  • Check whether jewellers business is run as
    • i) Company,
    • ii)Partnership Firm
    • iii) LLP
    • iv) Partnership
    • v) HUF
    • vi) Others
  • Obtain Name and Address, Contact No. of Directors in case of Company, partners in case of paartnership firm. and LLP and proprietor in case proprietorship etc.
  • Give only cheque towards the Advance Gold Instalment Scheme.
  • Obtain receipt for each instalment paid.
  • Obtain contract / agreement copy duly signed, sealed and certified by the jeweller.
  • Jewellers are not allowed to give any interest on advance instalmnent paid.
  • Advance Gold Instalment Scheme cannot go beyond 365 days.
  • Contact IBJA on info@ibja.in for verifying Details of jewellers.
  • Take advise of your consultants before investing in Gold Instalment Scheme.