Skip to content
Back to Guavy Wire
Commodities

BIS Expands Silver Lab Network Amid Gold Price Surge

Instruments
Gold
Share

The Bureau of Indian Standards (BIS) has seen a significant increase in the number of silver hallmarking labs across India, driven by the surge in gold prices. Since introducing a Hallmark Unique Identification (HUID) number for hallmarked silver items in September 2025, the volume of hallmarked silver items has nearly doubled to 5.9 million pieces in the 2025-26 fiscal year, up from 3.2 million in 2024-25.

The BIS is expanding its network of Assaying and Hallmarking Centres, with around 230 currently handling silver testing in India. Deputy Director General (Laboratories) Nishat S Haque stated that the organisation will be able to handle the requirement for roughly the next two years, after which it will expand referral and assay laboratories across the country.

The BIS also maintains strict control over gold surveillance, with market surveillance testing of hallmarked gold items conducted within its proprietary laboratory setup rather than being outsourced. The organisation has established a network of 440 recognised laboratories and 350 empanelled laboratories, with around 23,000 standards established by the BIS, including around 700 mandatory standards.

To handle increasing workloads without compromising precision, the BIS is integrating automation, artificial intelligence, and robotics into its laboratory workflows. The agency is piloting a pick-and-place robotic arm for cement testing to evaluate speed and accuracy before rolling out similar automation across other testing procedures.

More on Commodities

Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

© 2026 Guavy Inc