Gold prices have soared more than 15% in 2025, reaching $3,000 an ounce, leading to a surge in people selling old jewelry across Asia and the Middle East, reports Ashitha Shivaprasad at Reuters. In India, the wedding season is seeing reduced sales as customers opt to exchange old jewelry instead of buying new due to high prices. Similar trends are seen in China and the UAE, where high costs are dampening demand for new pieces. Experts warn that if selling continues, it could temper gold’s rally and decrease imports. Shivaprasad writes:
As gold prices jump to successive highs, jewellers across Asia and the Middle East are grappling with displays losing their sparkle as customers race to cash in their old jewellery and coins.
If the rush to sell continues, it could ultimately lead to lower imports into major markets, potentially tempering gold’s rally, retailers and industry experts said.
Read more here.
