| Gold recycling had hit a seven-year low in 2014 and the World Gold Council expects recycling to remain low in 2015 as well. However, the council hopes the situation to be different in India due to the government’s measures to bring old gold into the formal system.
Between 1995 and 2013, recycled gold had accounted for about a third of total supply of the metal. In 2009, with higher gold prices and the global economy faltering, recycled gold hit a record 1,728 tonnes, accounting for 42 per cent of the total gold supply. However, in 2014 as gold prices fell and the global economy began recovering, gold recycling decreased to the lowest level since 2007 to 1,122 tonnes — accounting for just 26 per cent of total supply, according to World Gold Council...............................................Full Article: Source
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