India's gold jewellery rip-off

- Central Banking staff
- 27 Feb 2002

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FEATURE - Most gold jewellery advertised in India as 22-carat is of a lesser quality, a survey by the Bureau of Indian Standards (BIS) has revealed.

The BIS found over 80% of the shops surveyed were passing off anything between 13.5 and 18 carats as 22-carat gold.

Gold jewellery is the most common gift at weddings and is part of the bride's dowry, especially in rural India, where parents believe the metal will give daughters some financial security.

Assistant Director General of the BIS, DR

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