Thu Apr 02 07:59:29 UTC 2026: # Gold Buyers in Vizianagaram Advised to Exercise Caution Amidst Malpractice Concerns
The Story:
The Legal Metrology Department in Vizianagaram is urging gold buyers to be vigilant due to malpractices by some traders. Deputy Commissioner B. Manohar advised buyers to insist on separate weighing of precious stones before they are added to gold ornaments. The department is conducting awareness programs across Vizianagaram, Srikakulam, and Parvatipuram-Manyam districts to protect consumer interests.
Key Points:
- B. Manohar, Deputy Commissioner of the Legal Metrology Department, advised gold buyers to be cautious of malpractices.
- Buyers should demand separate weighing of precious stones before they are added to the gold ornaments.
- The department conducted awareness programs in Vizianagaram, Srikakulam, and Parvatipuram-Manyam districts.
- The department booked 1,260 cases on errant traders in the 2025-26 financial year, collecting ₹46.4 lakh in compounding fees.
- The department collected ₹90.89 lakh as stamping fee in the previous financial year.
Key Takeaways:
- Consumer protection remains a significant concern in the gold market in the Vizianagaram region.
- The Legal Metrology Department is actively working to curb malpractice and protect consumer interests.
- Buyers must be proactive in ensuring fair practices during gold purchases.