Starting a Gold Business? Here’s What You Must Register First
Starting a gold business in India can be a lucrative venture, but it also comes with strict regulatory obligations. Whether you are planning to launch a jewellery retail store, become a gold wholesaler, or start manufacturing gold ornaments, legal compliance is the first and most crucial step. Without the necessary registrations and certifications, your business may face legal hurdles, penalties, and even closure.
1. Business Entity Registration
The first step is registering your business as a legal entity. Depending on your scale and vision, you may choose to register as a Proprietorship, Partnership, LLP, or Private Limited Company. A registered entity not only gives your business a professional identity but is also necessary for acquiring other licenses such as BIS Hallmark registration and GST.
2. GST Registration
Gold is a taxable commodity in India under the Goods and Services Tax (GST) regime. If your turnover exceeds the prescribed threshold or you deal in inter-state trade, GST registration is mandatory. This registration allows you to legally collect taxes from customers and claim input tax credits on business purchases.
3. BIS Hallmark Registration
One of the most important registrations for a gold business is the BIS Hallmark Registration, mandated by the Bureau of Indian Standards. As per government guidelines, it is compulsory for jewellers to sell only hallmarked gold jewellery. This ensures quality assurance and builds trust with customers. BIS registration involves compliance with Indian Standards IS 1417 and requires infrastructure like a well-equipped testing facility or tie-up with a BIS-recognized Assaying and Hallmarking Centre.
Failing to register under BIS can result in heavy penalties and loss of credibility. BIS hallmarking also applies to manufacturers, wholesalers, and retailers—making it essential for the entire supply chain in the gold business.
4. Shop and Establishment License
If you're opening a physical retail outlet, obtaining a Shop and Establishment License from the local municipal authority is necessary. This license regulates working hours, employee benefits, and basic compliance at the workplace.
5. Trade License and Local Permits
Depending on your city or state, you may also need a Trade License or other local approvals from municipal bodies or industry-specific departments. These help ensure your operations are recognized and monitored under local commercial laws.
How Agile Regulatory Supports Your Gold Business
At Agile Regulatory, we simplify the complex registration journey for jewellery entrepreneurs across India. From setting up your business entity and obtaining GST registration to securing your BIS Hallmark Certificate, we provide end-to-end legal and regulatory support. Our team ensures timely documentation, accurate filing, and continuous follow-up with departments—saving you from delays and rejections. Whether you're a new jeweller or expanding into new markets, Agile Regulatory is your trusted partner for starting and scaling a compliant gold business in India.
Final Thought:
Starting a gold business is more than just buying and selling precious metal—it's about building trust, ensuring quality, and maintaining legal clarity from day one. Getting your registrations in place lays the groundwork for a successful and respected enterprise
