Gold Hits ₹1.55 Lakh. Your E-Waste Is Now Gold.

Gold prices have shot up, crossing the ₹1,55,000 per 10 grams mark. This is a big deal for your shop because it makes any gold-bearing scrap you hold—like e-waste and old jewellery—much more valuable.

Our advice is clear: this is a strong signal to sell the stock you have and lock in these high rates before the market turns. Don't get greedy waiting for even higher prices.

What is changing

On the Multi Commodity Exchange (MCX), which is the main market for setting metal prices in India, gold futures have been climbing for six days straight. This week, they broke a new record, trading near ₹1,55,000 for 10 grams. This isn't a one-day spike; it's a steady trend driven by strong demand.

Silver is also up, with prices getting close to ₹2,39,000 per kg. However, reports call the silver market "volatile." This is a word of warning. It means silver's price can swing up and down much more wildly than gold's. What goes up fast can come down fast.

The numbers you should know

These are the key market rates that are affecting the value of your scrap. They show a clear upward trend, especially for gold.

• Gold High: ₹1,55,000 per 10 grams
• Silver High: Nearing ₹2,39,000 per kg
• The Gold Trend: Prices have been rising for 6 straight sessions.

These are the benchmark rates on the big exchange. Your local rate will be different, but it moves in the same direction. Use these numbers as a guide for your own buying and selling.

What it means for your shop

This price rally directly affects your pocket. It creates clear winners and losers.

Winners: You are a winner if you are holding stock of gold-bearing materials. This includes:

• E-waste, especially old computer motherboards, RAM, and CPUs.
• Old or broken jewellery scrap.
• Gold-plated items or decorative scrap (zari).

Your inventory is now worth significantly more than it was last week. The profit is yours to take, but only if you sell.

Losers: You will lose money if you are slow to react. If you continue buying old jewellery or e-waste from kabadiwalas at last month's rates, you are overpaying them based on today's value. Also, dealers who get greedy and hold their stock for too long are at risk. If the price falls next week, their paper profit will disappear.

The bigger picture

The reports mention "firm spot demand." In simple terms, this means real people and businesses are buying physical gold, not just traders playing the market. This is what has been pushing the price up for six days. It suggests the trend is strong for now.

However, no price goes up forever. High prices can scare away buyers, and any change in global news can turn the market around without warning. The fact that silver is called "volatile" is a reminder that these markets can be risky. This is a good time to be a seller, not a long-term holder.

What you should do this week

1. Check your stock today. Go through your godown and separate everything that contains gold. Weigh it and make a list.
2. Get a current valuation. Call your main buyer and ask for their rate for e-waste and jewellery scrap today. Don't rely on old prices.
3. Sell at least half your gold stock. Lock in the profit on your existing inventory. It is better to sell and make a guaranteed profit than to hold on and risk a price drop.
4. Raise your buying rate. You will need to pay more to get new gold scrap from collectors. Figure out your new buying price to protect your margin.
5. Sell silver scrap quickly. Because the silver market is volatile, don't hold onto silver stock. Sell it as soon as you get it to avoid being caught by a sudden price fall.

The one thing to remember

When prices are this high, the first profit is often the best profit.