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Record gold prices in India fail to unlock scrap supply
By Rajendra Jadhav and Brijesh Patel
Reuters
via Yahoo News, Sunnvale, California
Wednesday, September 17, 2025
NEW DELHI -- Supplies of used gold jewelry and coins, typically released when investors book profits, have been scarce in India, as many expect bullion prices to continue climbing even after reaching new highs almost every week.
This contrasts with March, when spot gold first crossed $3,000 an ounce and retail customers rushed to sell their holdings, triggering a surge in scrap supply.
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"Indians now believe gold prices will rise even higher, which is why they're choosing to hold their assets instead of selling them for a profit," James Jose, managing director of refiner CGR Metalloys said on the sidelines of the India Gold Conference in New Delhi. ...
... For the remainder of the report:
https://finance.yahoo.com/news/record-gold-prices-india-fail-100003770.html
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