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Boom in scrap gold sales in India, Middle East
“The historic price rise in gold has resulted in a big boom in old gold trade. People are going to jewellery shops to sell gold, rather than buy. Old gold is also being re-cycled as gold coins and new gold jewellery items by bullion traders and dealers to cushion the impact of the high prices in the yellow metal,” Abdul Rasheed, a bullion dealer and scrap gold trader in Dubai told Commodity Online. Read News
