Gold refining has been a family tradition for Satish Pratap Salunke, just like his father and grandfather.
They collect scrap gold from jewellers, melt it down, and sell it back as gold bars.
This small-scale refining business is common across India, known as the “unorganised” sector, where local refiners quickly turn gold into bars for jewellers.
However, big industrial refiners are eyeing this market, aiming to import more unrefined gold and dominate the recycling industry.
Despite this competition, smaller refiners like Salunke are confident in their relationships with local jewellers and are adopting modern technology to refine gold efficiently and sustainably.
(Adapted from BBC)
https://www.bbc.com/news/business-68596195