To whom does ABC sell the recovered gold?

• A. Banks
• B. Consumers
• C. Jewellery makers
• D. Electronics manufacturers

Answer: (C)

Recovered gold is a raw material used by downstream manufacturers to create finished products. The most natural market for it is the manufacturing sector that turns gold into goods, namely jewellery makers who melt and alloy gold to craft rings, bracelets, and other pieces. Banks typically hold gold as an asset or trade it as bullion, not as an input for production. Electronics manufacturers use gold in components, but they source refined gold for precise technical needs rather than recovered scrap. Consumers buy the finished jewelry, not the raw material. So the recovered gold is best sold to jewellery makers, who turn it into the final products.