Gold extraction from mobile phones is a profitable business, but you have to take into consideration certain aspects before going into it, and that is that we need to understand that mobile phones are available in different price ranges. Famous brands such as Apple, Nokia, and Sony Ericsson are expensive, while local Chinese brands are cheaper. In India, cheap mobile phones are referred to as Chinese phones. Normally, a cheap, new Chinese cell phone sells for around USD 70 to 80. Now the point that I am trying to make here is that expensive mobile phone manufacturers use more gold on their phones, whereas cheap phone manufacturers use very little gold. In the Indian electronic scrap markets, the famous brands scrapped cell phones currently sell for Indian rupees 62 to 64 (USD.83 to.85) per piece. The scrapped Chinese cell phones sell for rupees 18 to 22 (USD 24 to 29) per piece. Today, the price of gold (in New Delhi, India) is Rs 48,700 per 10 grams. Purchasing the raw material at the right price is very important in a business. So, make sure that you distinguish between expensive and cheaper cell phones while buying scrap mobile phones. I can assure you that the cell phone gold recovery business will pay you well if you read the whole series of our articles on it. We'll be back soon with the second part of the mobile phone gold recovery.
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