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First home-grown high purity gold reference standard
December 25 , 2017
2556 days
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- India’s first home-grown high purity gold reference standard - the Bharatiya Nirdeshak Dravya (BND-4201) - was launched at the India Government Mint, Mumbai.
- BND-4201, which is the reference material for gold of ‘9999’ fineness (gold that is 99.99 per cent pure), will be beneficial to the consumers and public at large to ensure purity of gold.
- The high purity gold reference standard has been developed through a collaboration between
- IGM, Bhabha Atomic Research Centre -- National Centre for Compositional Characterisation of Materials (Hyderabad), and Council of Scientific & Industrial Research-National Physical Laboratory (New Delhi).
- India despites being second largest markets for gold after China, goldsmiths in the country were depended on imported reference gold bars to check purity of their biscuits, coins and jewellery.
- The measurement of the high purity BND-4201 is traceable to SI units (International System of Units. Therefore, the possibilities of exporting to other economies are very high.
- The BND-4201 standard gold bar are 25% cheaper than the imported version and save foreign exchange (spent on importing the standard) and dependence on foreign countries.
- IGM, Mumbai, is a unit of the Security Printing and Minting Corporation of India Ltd.
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