Gold Prices Decline: Indian Households Increasingly Selling Old Jewelry

Indias Growing Gold Import and Recycling Dynamics

India is experiencing a notable trend in its gold market, marked by a continued reliance on imported gold. In the fiscal year 2026 (FY26), the country imported gold valued at approximately $72.4 billion. This heavy dependence on foreign gold sources highlights Indias status as one of the largest consumers of gold globally.

In contrast, recycled gold is contributing to domestic supply, with estimates suggesting that around 125 to 150 tonnes of gold were recovered through recycling in 2025. This figure indicates a growing recognition of the importance of sustainability and resource efficiency in the gold sector.

The Indian government and various trade associations are actively exploring initiatives to encourage gold recycling, which could help mitigate the countrys import dependency and bolster the domestic gold economy. Increased awareness of sustainable practices may further influence consumer preferences and industry practices in the years to come.