← Latest news 
Bullion industry urges turning idle household gold into working capital to cut rising imports
Economy
Published on 11 May 2026
Recycling homes gold could replace a big chunk imports
With India’s gold imports climbing, industry bodies are pitching a plan to reduce reliance on overseas metal. The proposal pushes recycling household gold, steering imported gold mainly toward jewellery exports, and drawing jewellers into gold monetisation programs. The goal: convert dormant gold into working capital while improving the balance of payments and easing import pressure.
- Industry bodies want idle household gold recycled into use
- Imported gold use would be restricted mainly to jewellery exports
- Jewellers are being asked to join gold monetisation programs
- Effort targets lower imports and better balance of payments
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times