NEW DELHI—In a centuries-old gold bazaar, Sanjay Malhotra peers through a magnifying lens at a dull gold necklace resting on a small bed of red velvet.
Such old possessions are streaming into his shop of late, a tip-off to a significant change afoot in one of the world’s largest gold markets.
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“There are a lot of people who have been coming to sell their gold these days. Malhotra said, noting that customers have been trading items as small as nose pins.
Gold holds a special place in India, which vies with China as the world’s top gold consumer.
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