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Gold recycling schemes boom as prices rise and brands offer new jewellery for old gold
Economy
Published on 14 May 2026
XRF tests reveal purity fast and can change your payout
As import duties rise and Prime Minister Narendra Modi urged Indians to delay gold purchases, jewellery brands are pushing recycling offers. Customers can exchange old jewellery for new pieces, with redemption value tied to purity and current market prices. Companies increasingly use XRF machines to test composition accurately, helping buyers get more transparent quotes while potentially reducing India’s gold imports.
- Brands are driving gold recycling after duty hikes and purchase delays
- Your old jewellery is valued by purity and prevailing market rates
- XRF machines help estimate gold content more accurately
- Experts say even small recycling could reduce India’s gold imports
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times