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 Purchase of Gold jewellery
- Give a missed call on 9936573023 for LMSA’s Indicative rate of Gold Jewellery
- Verify HUID mark on jewellery and check the same HUID with BIS care app
- Each hallmark jewellery has three mark –
- HUID
- Purity in Karat and Purity in fineness
- BIS Logo
Advisory for consumer willing to invest in Advance installment 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 partnership firm. and LLP and proprietor in case proprietorship etc.
- Give only cheque towards the Advance Gold Installment Scheme.
- Obtain receipt for each Installment paid.
- Obtain contract / agreement copy duly signed, sealed and certified by the jeweller.
- Jewellers are not allowed to give any interest on advance installment paid.
- Advance Gold Instalment Scheme cannot go beyond 365 days.
- Contact LMSA on 9936573023 for verifying Details of jewellers.
- Take advise of your consultants before investing in Gold Instalment Scheme.