With gold scarce, Indian wedding buyers recycle jewellery 

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Faced with high premiums to secure scarce supplies of gold, people are having their old heirlooms melted down to be reused as traditional presents.  Faced with high premiums to secure scarce supplies of gold, people are having their old heirlooms melted down to be reused as traditional presents. 
SummaryFaced with high premiums to secure scarce supplies of gold, people are having their old heirlooms melted down to be reused as traditional presents. 

it tries to rein in the current account deficit to an acceptable range of 3.6 percent to 3.8 percent of GDP, from 4.9 percent in the June quarter, and is unlikely reverse its recent measures any time soon. 

"I think (gold) strictures will be there for at least the next six to twelve months," said Naina Lal Kidwai, president of the Federation of Indian Chambers of Commerce and Industry. 

($1 = 62.4000 Indian rupees)  

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