Indians selling old jewellery

01-Jul-2026

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Gold prices in India have declined from record highs, prompting households to sell nearly 50 tonnes of old jewellery in Q1FY26, a 43% increase year-on-year, to lock in profits amid fears of further price drops. 

This surge benefits India's gold recycling industry, reducing import dependence as recycled gold supply rises. Global factors like US-Iran tensions and interest rate hikes pressure gold prices. While selling suits some, experts advise decisions based on financial needs, noting gold's long-term hedge value.