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Gold shoppers swap old jewellery for new as prices bite and Modi prompts recycling demand
Economy
Published on 12 May 2026
Exchanging old gold now beats buying new in many stores
With gold prices staying high, Indian buyers are increasingly exchanging old jewellery for redesigned pieces instead of purchasing fresh gold. Jewellers including P. N. Gadgil Jewellers and Tanishq report strong jumps in these trade-ins as consumers treat old gold as a savings asset. The shift is also expected to curb demand for new gold imports.
- High gold prices are pushing customers toward exchanges, not fresh purchases
- Major jewellers report surging trade-ins for redesigning old jewellery
- Consumers increasingly view old gold as an asset to be reworked
- The trend may reduce India’s need for new gold imports
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times