The Gold Control Act, 1968, 45 of 1968, (Rep., Act 18 of 1990) · VII — DEALERS

Section 32. ~~Save as otherwise provided in this Act, no licensed dealer shall either own or have at any time in

Repealed or not in force · As amended up to 2026-08

32. ~~Save as otherwise provided in this Act, no licensed dealer shall either own or have at any time in his possession, custody or control primary gold in any form except in the form of standard gold bars:~~ Possession of primary gold by a licensed dealer. * Provided that such dealer may, unless the Central Government (having regard to the needs of the trade, volume of business and public interest) otherwise directs, own or keep in his possession, custody or control not more than— (a) four hundred grammes, if he does not employ any artisan, (b) five hundred grammes, if he employs not more than ten artisans, (c) one thousand grammes, if he employs more than ten but not more than twenty artisans, (d) two thousand grammes, if he employs more than twenty artisans, of primary gold in any form other than in the form of standard gold bars.

Source: India Code