AccordingtoarecentreportbytheWorldGoldCouncilWGCIndiahasemergedasthefourthlargestgoldrecyclingcountryin2021recycling75tonsor65percentofthetotalgoldrecycledacrosstheglobeRecyclingofgoldjewellerymanufacturingscrapandendoflifeindustrialscrapisdrivenbypricemovementsoftheyellowmetalcurrentandfutureexpectationsandtheeconomicbackdropIntheshortruna1percentincreaseinthepriceofgoldpushesrecyclingupby06percentConverselypositivegrossdomesticproductGDPgrowthinthesameyearandthepreviousyearpushesrecyclingdownby03percentand06percentrespectively