 "gold")
India has emerged as the fourth largest gold recycling country in 2021, recycling 75 tons, or 6.5 per cent of the total gold recycled across the globe, said a recent report by the World Gold Council (WGC). Over the past five years, 11 per cent of India's gold supply came from 'old gold'; driven by movements in the gold price, future gold price expectations and wider economic outlook, the WGC report said.
Recycling of gold (jewellery, manufacturing scrap, and end-of-life industrial scrap), according to WGC's findings, is driven by price movements of the yellow metal - current and future expectations, and the economic backdrop.
