Over the course of June 2019, Forbidden Stories, a non-profit project, alleged that MMTC-PAMP was involved in environmental and human-rights abuses in Tanzania. MMTC-PAMP takes such allegations extremely seriously. We perform enhanced due diligence on every supply chain before entering into a new commercial relationship and rigorously follow the London Bullion Market Association (LBMA) Responsible Gold/Silver guidance, which is the industry program to comply with the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas (OECD Guidance). Read More
While jewellery and bullion such as gold coins and bars are among its most familiar forms, gold also turns up in places that have little to do with ornamentation. It helps electronic connections work, protects equipment in space and appears in everything from eyewear to dentistry.
Gold purity is commonly shown as 24K, 22K, 999 or 999.9. But these numbers cannot be confirmed by looking at the colour, shine or weight of gold. They need to be tested. This testing process is called gold assaying. The result of which helps determine its purity and supports processes such as refining and hallmarking.
Look closely at a piece of gold and you may find tiny numbers, letters or symbols stamped on it. A jewellery piece may show 22K 916 or 18K 750. A gold bar may carry 999 or 999.9. Hallmarked jewellery in India also carries a BIS mark and HUID.