Muthoot Exim targets to mobilise 3 tonnes of gold in 2 years for recycling

Thu May 28 2026

Muthoot Exim aims to attract 3 tonnes of gold, worth ₹4,500 crore (as per current gold rates), for recycling over the next two years as it expands its outlets to 200 from 109 currently.

Muthoot Gold Point, the collection centre of the Muthoot Pappachan Group, collected 1 tonne of gold worth about ₹1,500 crore last fiscal for recycling, up from 600 kgs collected in FY’25.

According to the World Gold Council (WGC), gold recycling increased 44 per cent in the first quarter of this year against the fourth quarter of 2025. Year-on-year, recycling was up 20 per cent. Consumers exchanged old gold jewellery for new pieces, and this increased in the first quarter as the price of the precious metal soared to a new high.

Source: https://www.thehindubusinessline.com/