Tanishq, Kalyan, Malabar scale gold-exchange programmes as recycling surges at Rs 1.60 lakh prices
Idle locker gold is flowing back to market as bullion hits Rs 1.60 lakh. Tanishq, Kalyan Jewellers, Malabar, Muthoot Exim and MMTC-PAMP are expanding exchange counters with XRF and karat-meter purity testing, betting transparent pricing will convert household stockpiles into fresh sales amid a 15% duty hike.
What happened
Gold recycling is gaining momentum in India as soaring bullion prices push consumers to exchange idle jewellery. Tanishq, Kalyan, Malabar, Muthoot Exim and
Key facts
- 100 kg duty-free import cap
- 15% duty hike
- Rs 1.60 lakh gold price
Why this matters
Bolt-on targets are refiners and assay-tech players like Muthoot Exim and MMTC-PAMP adjacencies—vertical integration into recycling locks in margin as household stockpile liquidation becomes a multi-year supply channel.