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Exchange of old gold has risen almost 60% year-on-year, say jewellery retailers
Gold prices are soaring in India, prompting a surge in old gold exchanges. Consumers are trading in existing jewellery to buy new pieces. This trend is reshaping the jewellery market. Leading retailers report significant increases in exchange-led sales. This shift helps reduce the country's reliance on gold imports. Household gold is now entering the market.
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economictimes.indiatimes.com
Planning to exchange or recycle gold? Here’s how tax authorities may treat your gains - The Economic Times
Indians exchanging old gold for new should be aware of potential taxes on sales and purchases. The Income Tax Department monitors high-value gold transactions, including large…
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Exchange of old gold has risen almost 60% year-on-year, say jewellery retailers
Gold prices are soaring in India, prompting a surge in old gold exchanges. Consumers are trading in existing jewellery to buy new pieces. This trend is reshaping the jewellery…
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timesofindia.indiatimes.com
Gold exchange boom: Old jewellery swaps rise up to 60% as record prices reshape buying habits
Old gold exchange transactions at jewellery stores have surged by as much as 60% year-on-year as soaring gold prices encourage consumers to use existing jewellery to fund fresh…
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thehindubusinessline.com
India’s changing relationship with gold: From ownership to financial utility
Explore India's evolving gold relationship, shifting from ownership to leveraging gold as a financial asset for economic growth.