Gold price slide spurs household sell-offs, lifting organised recyclers Muthoot Exim and Augmont
With gold sliding from a Rs 1.8 lakh peak to Rs 1.4 lakh per 10 gm, Indian households are cashing in old jewellery. Muthoot Exim reports a 40% collection jump across 100+ Gold Points, Augmont runs 114 centres, and recycling is set to climb from 125-150 tonnes in 2025 to 200-250 tonnes in 2026.
Falling gold prices are driving Indian households to sell old jewellery for cash, boosting organised recycling players like Muthoot Exim (40% collection jump) and Augmont (114 centres), reshaping jewellery demand and reducing import dependence.
Why this matters
Builds on Muthoot Exim's plan to nearly double Gold Points to 200 and its flagging of exchange-led demand. Aligns with Q1FY26 recycling jumping 43% to 50 tonnes as crash fears push households to cash out.
Retail-company signals steady at 4,038 over the trailing 90 days.