Senco, Kalyan, PNG, Malabar back gold recycling over import curbs, push Gold4India
India's top jewellery retailers are urging mobilisation of the country's ~20,000 tonnes of domestic gold via exchange and recycling rather than cutting purchases. The group backs PM's Gold4India initiative and proposes a jeweller-assisted collection model under bank supervision.
What happened
Senco Gold · Major Indian jewellery retailers Senco, Kalyan, PNG, and Malabar urge gold recycling, exchange, and monetisation of ~20,000 tonnes of domestic gold
Key facts
- 20,000 tonnes
Why this matters
Scout partnerships with PSU banks and refiners to lock in custodial and assaying capacity ahead of a jeweller-assisted Gold4India rollout targeting 20,000 tonnes.