Kalyan, Tanishq, Malabar scale gold exchange schemes as Modi targets import curbs
India's top jewellers are aggressively expanding gold recycling and exchange programmes, with consumers swapping old jewellery for new pieces amid record prices. The push aligns with PM Modi's drive to curb gold imports, reshaping how organised retail sources inventory.
Leading jewellers Kalyan, Tanishq and Malabar are scaling gold exchange and recycling programmes as PM Modi pushes to curb gold imports, with consumers trading old jewellery for new amid rising prices. RBI set for record ₹3tn government dividend.
Why this matters
Builds on Kalyan's Gold4India launch and Tanishq's 10,000 kg recycling milestone, signalling that exchange schemes are becoming the organised sector's primary inventory channel.
Retail-brand activity steady at 374 signals in last 90 days, with recycling emerging as a core narrative.