Don't Buy Gold Jewellery Without Reading This: Tips from Finance Influencer Neha Nagar

How do you ensure that the gold jewellery you're buying is genuine or fake? Neha Nagar, a renowned finance influencer, shares essential steps to help you verify the authenticity of your gold jewellery and avoid scams. Here are two foolproof ways to verify the authenticity of your gold:

Step 1: Check for the Jeweller's BIS Registration

BIS Certification:

Ensure that the jeweller is registered with the Bureau of Indian Standards (BIS). Look for the BIS sign on the shop's board, which indicates that the jeweller meets the required standards.

Hallmark and HUID:

Each piece of jewellery should have a hallmark and a 6-digit HUID (Hallmark Unique Identification) number. The hallmark signifies that the gold meets the purity standards, and the HUID is unique to each piece, ensuring traceability and authenticity.

Step 2: Always Get a Proper Bill

Invoice:

Request a detailed bill from the jeweller, which serves as proof of purchase and guarantees the authenticity of your jewellery. A proper invoice will include details about the gold's purity, weight, and price.

Step 3: Use the BIS Care App

Download the App:

Download the BIS Care app from your app store to verify the authenticity of your gold jewellery.

Verify HUID:

Open the app, click on ‘Verify HUID', and enter the 6-digit unique number found on your jewellery.

Details on Screen:

The app will display all relevant details, including the jeweller's name, hallmark centre name, article name, and carat value. This step ensures that the gold you are purchasing is genuine and certified.

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A post shared by Neha Nagar | Filmy Finance (@iamnehanagar)

By following these steps, you can ensure that the gold jewellery you buy is genuine and avoid falling victim to scams. Remember, always verify before you buy! Use the BIS registration, get a proper bill, and utilize the BIS Care app to make informed and safe purchases.