Refiners press BIS for mandatory silver hallmarking as purity crisis hits investment-grade demand

With Indian silver demand running at 800-850 tonnes and substandard bars flooding the market, refiners want BIS to enforce hallmarking and license refineries. MCX, BSE and NSE are readying 999-purity certified silver bars, expanding oversight beyond the 286 hallmarking centres now active versus 1,595 for gold.

Refiners urge BIS to mandate silver hallmarking and license refineries as substandard bars hit India's 800-850 tonne investment-grade demand.

ET Small Business · 5/26/2026, 5:18:07 AM · Ask about this →

Bureau of Indian Standards + BSE + MCX + NSE + Precious Metals Refineries Forum +