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Gold Hits ₹1.55 Lakh. Your E-Waste Is Now Gold.
Record gold prices mean the old circuit boards and jewellery in your godown are worth more than ever. Here’s how to cash in.
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.