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Isn't HUID a very familiar word. We are very familiar from July 2021. This is something that many of us have searched online many times. However, there is no doubt among us that what is HUID?

The central order states that gold jewelery that does not have the hallmark HUID quality seal, the Hallmark Unique Identification Number, cannot be sold from April 1, 2023. This is part of the crucial step to fully digitize the gold trading sector. Mandating a traceable HUID stamp with a view to accounting for every piece of jewelery sold in the country. This crucial decision implemented in the gold trading sector will lead to accounting of even unaccounted old gold held by dealers in the future.
How will the quality seal of gold jewelery HUID affect the people?
Do people have to worry about holding low quality gold? How to understand that the gold in hand is of good quality?
Are there any problems related to selling gold?
Will the introduction of HUID hinder the sale of gold jewelery imported from abroad?

What is HUID?

Each hallmarked piece of jewelry has a 6-digit unique mark
HUID. This will include English letters and numbers. The HUID is stamped at a BIS certified Hallmarking Centre. The HUID helps the buyer verify the jewellers' claims about the purity of the gold.

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