India ranks 4th in global gold recycling; recycled 75 tonnes in 2021: WGC

Daily Current Affairs / India ranks 4th in global gold recycling; recycled 75 tonnes in 2021: WGC

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Category : Business and economics Published on: June 24 2022

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According to the World Gold Council (WGC) report, India has emerged as the fourth largest recycler of gold in the world and the country has recycled 75 tonnes of gold in 2021.
China topped the global gold recycling chart as it recycled 168 tonnes of the yellow metal, followed by Italy in the second position with 80 tonnes and the US at the third rank with 78 tonnes in 2021.
India’s gold refining landscape has changed notably over the last decade, with the number of formal operations increasing from less than five in 2013 to 33 in 2021.

India ranks 4th in global gold recycling; recycled 75 tonnes in 2021: WGC