The Economic Times

Gold recycling schemes on the rise after gold prices move up: How your old jewellery is evaluated and what price you get

Rising import duty and PM Narendra Modis appeal to delay purchases have pushed jewellery brands like Kalyan Jewellers and Malabar Gold & Diamonds to promote gold recycling schemes. These schemes let customers exchange old jewellery for new items, with value based on purity and market prices. Companies use advanced XRF machines for accurate testing. Experts say even small-scale recycling can significantly cut Indias gold imports.