KGSMA launches Vision 2030 to modernise Kerala’s gold trade
Kerala Gold and Silver Merchants Association’s Vision 2030 calls for support for small jewellers and artisans, stronger transaction transparency and action against fake hallmarking. The plan also seeks lower import duty, reduced UPI and HUID charges, and an SOP for old-gold purchases.
What happened
Kerala Gold and Silver Merchants Association (KGSMA) · KGSMA launched Vision 2030 to modernise Kerala’s gold trade, protect small jewellers and artisans, and
Key facts
- Vision 2030
- 100 study sessions
What changed
KGSMA launched Vision 2030 to modernise Kerala’s gold trade, protect small jewellers and artisans, and improve transparency. It seeks lower import duties, reduced UPI and HUID charges, an SOP for old-gold purchases, and action against fake hallmarking.
Why this matters
KGSMA’s Vision 2030 raises the bar for Kerala jewellers to strengthen hallmark compliance, old-gold purchase controls and transaction transparency while advocating lower cost burdens for smaller merchants.
What to watch
- Any Union Budget or Finance Ministry decision on gold import duty.
- BIS announcements on HUID fees, hallmarking enforcement, inspection activity or revised compliance processes.
- Kerala-specific enforcement cases involving fake hallmarks, unregistered jewellers or illicit old-gold transactions.
- Adoption of standardised old-gold purchase documentation by major Kerala jewellery chains and association members.
- Changes in UPI merchant pricing, MDR policy or bank/payment-aggregator offers for jewellers.