Mysuru/Mysore:  As per Government of India’s decision, jewellery retailers in every nook and corner of India will have to compulsorily sell only hallmarked gold in the market from January 1, 2021. Hallmarking came into effect in the country about 20 years ago. Since then, Malabar Gold and Diamonds has been selling only hallmarked jewellery. 

Old gold in the hands of customers irrespective of from which jewellery they bought them and either it is hallmarked or not can be sold or exchanged in Malabar Gold & Diamonds showrooms. Old gold ornaments valued by modern carat analyser can be sold or exchanged based on every day price of the gold at Malabar Gold & Diamonds showrooms.

“Gold prices are changing every day. International gold prices are determined by the change in the exchange rate of US dollar. Here also prices are set accordingly. Gold prices in India changes in tandem with changes in international gold prices. To escape from gold price volatility customers can book wedding jewellery from Malabar Gold & Diamonds through its advance booking programme. If a customer books the gold through the advance booking window, then he can buy gold at the price at the date of booking or the buying date, whichever is lesser,” said Malabar Gold & Diamonds Chairman M.P.  Ahammed. 

Besides Malabar Gold & Diamonds also offers free insurance cover for one year, buy back guarantee, zero deduction charge for gold exchange and transparency and other services to its customers, according to a press release from Huzail, Manager-Marketing, Malabar Gold Pvt. Ltd.