Is there a central agency for gold recycling? What is their fee?
There are over 350 BIS-authorized hallmarking centers across the country which offers gold recycling services. Many private players including the likes of Muthoot Group and others have also initiated service centers across many cities. Most BIS-authorized hallmarking and recycling centers take a nominal fee of 1.5 to 2% of the value of gold.
In India, there are more than 350 BIS-authorised hallmarking centres that offer gold recycling services. Private entities like the Muthoot Group as well as a host of others also have service centres scattered over most cities in India. These centres usually charge a nominal fee of 1.5% to 2% of the gold value.