Indian households sold nearly 50 tonnes of old gold during the April-June quarter, a 43% year-on-year increase.
Gold prices have witnessed a sharp correction, dropping by over Rs 13,000 per 10 grams since May 2026.
The government raised effective import duties to 15% to curb foreign exchange outflows and reduce reliance on imports.
Organized recycling industries reported a 40% rise in volume as consumers seek transparent ways to monetize idle assets.