Indians have proved among the most willing to buy gold jewelry this year, but lobbying groups in the country are protesting new moves to introduce mandatory hallmarking for the precious metal.

Umbrella jewelers body the All India Gems and Jewelry Federation (GJF) has opposed government plans to make hallmarking of gold mandatory, claiming that it will hurt a thriving industry.

A stellar year for gold demand in the subcontinent means that little is likely to stifle the country's thirst for the precious metal, but the trade group said that corruption could become an issue.

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