From January 2021, jewellers across India can only sell hallmarked gold items. But are retailers and buyers ready?

One day, ahead of her daughter’s wedding, Pandey pulled the jewellery out of the bank locker and took them to a hallmarked jewellery shop that was promising no value deduction if one exchanged old gold for new. “Even our family jeweller would have deducted 4-5%, so trying a hallmarked shop seemed like a good idea,” says Pandey.

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