India's gold recycling grows but stays niche; MMTC-PAMP pushes purity testing into tier-2/3 cities
Households and temples hold ~30,000-32,000 tonnes of gold worth $3.8 trillion, yet recycled metal is just 11% of supply. Players like MMTC-PAMP are extending transparent, scientific purity testing beyond metros to formalise the jewellery ecosystem. Even 1% utilisation could cut imports 25-30%.
India's gold recycling remains niche despite households/temples holding ~32,000 tonnes worth $3.8 trillion. Players like MMTC-PAMP push transparent, scientific purity testing beyond metros into tier-2/3 cities to reduce import dependence and formalise the gold jewellery ecosystem.
Why this matters
MMTC-PAMP moves purity testing from metros into tier-2/3 cities, targeting the vast pool of household and temple gold to formalise recycling and reduce dependence on imports.
Retail-brand signals accelerating at +327300% QoQ.