Indian households cash out old gold as crash fears mount; Q1FY26 recycling jumps 43% to 50 tonnes
Fears that gold has peaked at ₹1.4 lakh per 10 gm are driving households to monetise old jewellery. Organised recyclers Muthoot Exim (+40% volumes), Augmont (114 centres) and IBJA report surging activity, expanding India's domestic recycling ecosystem against $72.4bn FY26 imports and a 30,000-tonne household gold stock.
Indian households are monetising old jewellery amid fears gold prices peaked, selling ~50 tonnes in Q1FY26 (+43% YoY). Organised recyclers like Muthoot Exim and Augmont report surging volumes, boosting India's domestic gold recycling ecosystem.
Why this matters
Builds on Muthoot Exim's recent flagging of exchange-led gold demand and its plan to nearly double Gold Point outlets to 200, targeting 3 tonnes recycled in two years as prices push recycling to the fore.
Retail-company theme steady with 3,973 signals in the last 90 days.