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Chinese cash in jewellery at automated gold recyclers as prices soar

The machine processed inherited jewellery for cash as gold prices neared $5,600 per ounce, drawing dozens of sellers including pensioners seeking to supplement income.

Record-high gold prices have turned a Shanghai shopping mall into a magnet for sellers, with crowds gathering around an automated recycler to melt down inherited jewellery for cash.

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  • 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
34% Left

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The Straits Times broke the news in Singapore on Sunday, February 1, 2026.
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