World Gold Council Report: India ranked 4th in global gold recycling

World Gold Council Report: India ranked 4th in global gold recycling – As per World Gold Council Report, India has emerged as the 4th largest recycler in the world and India has recycled 75 tonnes in 2021. World Gold Council has released its report titled ‘Gold refining and recycling’.

  • As per the report, China topped the global gold recycling chart and recycled 168 tonnes of yellow metal, followed by Italy and The US ranked 2nd and 3rd position with 80 tonnes and 78 tonnes in 2021 respectively.
  • India’s gold refining capacity increased by 1,500 tonnes (500 per cent) in 2021 from 300 tonnes in 2013 as per the WGC report titled ‘Gold refining and recycling’.
  • India’s gold refining landscape changed over the last 10 years, with the number of formal operations increasing from less than five in 2013 to 33 in 2021.

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