Page 23 - Bullion World Issue 12 Volume 05 December_2025

Bullion World | Volume 5 | Issue 12 | December 2025

The volatility in the price led to increase in hedging The continuous of heavy demand of precious metals
cost and devising ways to safeguard unforeseen gold and silver even after steep rise in prices is
losses. Hedging became a must for the refineries and expected to be a boon for the refinery industry.
commodities exchanges saw a jump in their volume.
The refineries may increase their recycling capacity
The heavy demand in final products forced the to meet the growing demand and also expected to
refineries to embrace renovation, new technology and explore new technological ways including searching for
sourcing of different raw material than the traditional new chemical methods. The government intervention
gold dore bar. Some of the refineries started importing in regulation is likely to increase for which the refineries
alloys such as Platinum Alloy which contains multiple have to prepare themselves to cope up which new
elements besides gold and silver. This necessitated rules and regulations. The stress for using renewable
scenario where extraction of metals was further energy integration may also increase. The refineries
fine-tuned by using multiple reducing agents such have to search for raw material from many un-
as instead of merely using sodium metabisulphite traditional countries and also look out for new types of
other reducing agents such as ammonium chloride raw materials.
and hydrogen hydride, etc. saw increase of use in the
refineries. A few refineries ventured into backward It is expected that various Central Governments will
integration such as importing Ore Concentrate and continue to add on gold reserves to their kitties in the
setting up plant for this, as ore was relatively easily coming years.
available and also at competitive prices.
The year 2025 saw major overhauls in the refinery
Demand increased not from major cities but small sector and refinery sector stood the test of time and
cities were also not left behind. As to meet such faced the challenges steadfastly.
additional avenues, most of the refineries set up
sale points at Tier-2 and Tier-3 cities by posting The coming year shall bring not only challenges but
representatives and establishing branch offices. will also open opportunities where the refineries
innovate more vigorously for long lasting success.

23