The industry of sale and purchase of gold faces various immediate concerns today. These need to be addressed smartly so as to provide for a consistent and uniform method that is followed across the country in Assaying and Hallmarking centres.
Currently, assayers learn on the job and are operating without any formal educational criteria. This is hardly the most effective solution for the Indian precious metal industry. There is an urgent need for requisite infrastructure of a formal course, training, graduation and proactive monitoring to facilitate the accurate sale of pure gold. The catalysts to speed up the process of training for assaying and hallmarking centres include:
- A code of conduct by laying out standard practices
- A procedure manual, endorsed by the Industry, updated and revised from time to time
- A formal Institute recognized and driven by the industry with relevant courses and trainings to provide a pool of qualified staff
- A proficiency testing procedure to benchmark and monitor the quality of assaying across centres
- A platform for liaisoning with government bodies on recommendation for updating the standards
- Updated research and development methods of technologies and procedures to improve analysis of testing