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What is Gold Accumulation Plan (GAP)?
akshith kapoor
Sep 23, 2022 7:03 AM
Web Content Article
null {} null What is Gold Accumulation Plan (GAP)? The GAP allows you to purchase gold using your Partner Platform account. The minimum transaction value across different platform varies from INR1...
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What is live gold price
admin admin
Sep 23, 2022 9:39 AM
Web Content Article
null {} null What is live gold price? Live gold price means the gold rate in Indian Rupees (INR) per gram of (999.9) fine gold as posted from time to time, exclusive of product manufacturing/making...
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What is open sale back window
admin admin
Sep 23, 2022 9:42 AM
Web Content Article
null {} null What is open sale back window? Open sale back window is the period during the customer can place request for sale of their digital gold. MMTC-PAMP reserves the right to close the open...
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Is the partner platform legally allowed to sell gold on their platform
admin admin
Sep 23, 2022 9:45 AM
Web Content Article
null {} null Is the partner platform legally allowed to sell gold on their platform? The seller is MMTC-PAMP India, India’s largest gold refinery. Partner Platform is only providing a platform for...
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Who is the custodian of my gold till redemption
admin admin
Sep 23, 2022 9:46 AM
Web Content Article
null {} null Who is the custodian of my gold till redemption? At no point does the ownership of your accumulated Gold transfers to either Partner Platform or MMTC-PAMP. MMTC-PAMP is the custodian...
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Is there any frequency at which I need to make transactions to keep my account active Alternatively, what makes my account inactive
admin admin
Sep 23, 2022 9:49 AM
Web Content Article
null {} null Is there any frequency at which I need to make transactions to keep my account active? Alternatively, what makes my account inactive? No. The customer does not have to do transactions...
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How can I get my holding statement
admin admin
Sep 23, 2022 9:50 AM
Web Content Article
null {} null How can I get my holding statement? You can get your gold holding statement by logging in to the partner platform. Please reach out to your partner platform in case of difficulty in...
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Can I have a joint account for this plan
admin admin
Sep 23, 2022 9:51 AM
Web Content Article
null {} null Can I have a joint account for this plan? Joint account is not permitted for the GAP plan. null {}
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Can minors buy digital gold online
admin admin
Sep 23, 2022 9:53 AM
Web Content Article
null {} null Can minors buy digital gold online? Minors are not eligible to buy or sell digital gold online. null {}
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Are my gold account details shared with any tax authorities
admin admin
Sep 23, 2022 9:54 AM
Web Content Article
null {} null Are my gold account details shared with any tax authorities? No. Only, in case of any enquires by government authorities, we will have to provide the requested information. null {}
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In case I relocate to outside India, can I continue accumulating Gold
admin admin
Sep 23, 2022 9:55 AM
Web Content Article
null {} null In case I relocate to outside India, can I continue accumulating Gold? You can choose to accumulate digital gold after relocating to outside India at your own risk. MMTC-PAMP does not...
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What tax implications do I have, if I accumulate gold on partner platform
admin admin
Sep 23, 2022 10:07 AM
Web Content Article
null {} null What tax implications do I have, if I accumulate gold on partner platform? At the time of purchasing and redeeming Gold, all applicable taxes are included in your invoice. The taxes...
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Can I visit the vault to inspect my Gold physically
admin admin
Sep 23, 2022 10:08 AM
Web Content Article
null {} null Can I visit the vault to inspect my Gold physically? No. The vault contains the gold holdings of all customers of MMTC-PAMP. Individuals cannot be allowed to visit the vault for...
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How do I open my account for GAP
admin admin
Sep 23, 2022 10:09 AM
Web Content Article
null {} null How do I open my account for GAP? Customer needs to register themselves on Partner Platform by providing name, PIN code and mobile number. Partner platforms may have their own specific...
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Do I require to complete my KYC to open my GAP account
admin admin
Sep 23, 2022 10:09 AM
Web Content Article
null {} null Do I require to complete my KYC to open my GAP account? MMTC-PAMP does not require the customer to complete KYC to open GAP account or buy digital gold. However, partner platforms can...
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What are the registration fees for GAP
admin admin
Sep 23, 2022 10:10 AM
Web Content Article
null {} null What are the registration fees for GAP? There is no registration fee to open a GAP account. Any valid Partner Platform account holder can open a GAP account. null {}
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What should I do, in case of fraud on my digital gold account
admin admin
Sep 23, 2022 10:13 AM
Web Content Article
null {} null What should I do, in case of fraud on my digital gold account? You are responsible for keeping your Partner Platform account details in a secure manner corresponding to existing...
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How can I be assured that gold coins delivered to me are genuine and trustworthy
admin admin
Sep 23, 2022 10:13 AM
Web Content Article
null {} null How can I be assured that gold coins delivered to me are genuine and trustworthy? The gold coins are directly dispatched from MMTC-PAMP manufacturing unit. All the coins are delivered...
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How can I trust that the delivery will be made to the correct person
admin admin
Sep 23, 2022 10:14 AM
Web Content Article
null {} null How can I trust that the delivery will be made to the correct person? Before the delivery is attempted, customer will be sent an OTP on the registered mobile number by the logistic...
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Who will you deliver to, in case I did not respond
admin admin
Sep 23, 2022 10:15 AM
Web Content Article
null {} null Who will you deliver to, in case I did not respond? We can only deliver to the designated person as mentioned at the time of placing the delivery request. null {}
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In case of any natural disaster, if the gold in MMTC-PAMP vault is destroyed or in case of theft, will I lose all the money used in buying my accumulated gold
admin admin
Sep 23, 2022 10:19 AM
Web Content Article
null {} null In case of any natural disaster, if the gold in MMTC-PAMP vault is destroyed or in case of theft, will I lose all the money used in buying my accumulated gold? No. You will not lose...
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How do I buy digital gold
admin admin
Sep 23, 2022 10:24 AM
Web Content Article
null {} null How do I buy digital gold? You can make an offer to buy Gold at the rate displayed on the Partner Platform in either rupees or grams. For example, you can buy gold worth INR1 and above...
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How often does the live price change
admin admin
Sep 23, 2022 10:25 AM
Web Content Article
null {} null How often does the live price change? The live rate changes based on market conditions and is updated frequently. null {}
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How long is the live price valid for completing a transaction
admin admin
Sep 23, 2022 10:26 AM
Web Content Article
null {} null How long is the live price valid for completing a transaction? The live price, at which you choose to buy Gold, will be valid for 5-7 minutes from the time you click on the option to...
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After purchasing digital gold, when can I see gold grams credit into my gold account
admin admin
Sep 23, 2022 10:27 AM
Web Content Article
null {} null After purchasing digital gold, when can I see gold grams credit into my gold account? After making the payment, when MMTC-PAMP accepts your offer to buy, you will receive an invoice...
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What if my money gets debited but I don’t receive gold into my gold account
admin admin
Sep 23, 2022 10:33 AM
Web Content Article
null {} null What if my money gets debited but I don’t receive gold into my gold account? In the rare event of technical failure, MMTC-PAMP may reject your offer to buy. The amount paid by you will...
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Is there a restriction on the amount of gold that can be purchased in a day
admin admin
Sep 23, 2022 10:34 AM
Web Content Article
null {} null Is there a restriction on the amount of gold that can be purchased in a day? The maximum limit to buy gold in a single day is INR 2 lakhs. The value of a single transaction or...
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Can I cancel my gold purchase
admin admin
Sep 23, 2022 10:35 AM
Web Content Article
null {} null Can I cancel my gold purchase? Once MMTC-PAMP has accepted your offer to buy, cancellations or refunds are not allowed. You can however sell your gold back to MMTC-PAMP 72 hours after...
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What modes of payments are accepted
admin admin
Sep 23, 2022 10:36 AM
Web Content Article
null {} null What modes of payments are accepted? Customers can make the payment through different digital payment modes like net banking, UPI, debit/credit cards as accepted on the partner...
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How do I sell the gold I have accumulated
admin admin
Sep 23, 2022 10:47 AM
Web Content Article
null {} null How do I sell the gold I have accumulated? When the sale back window (open sale back window) is active, you can offer to sell your Gold accumulated on Partner Platform in either Rupees...
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Why is the ‘sell price’ lower than ‘buy price’
admin admin
Sep 23, 2022 10:48 AM
Web Content Article
null {} null Why is the ‘sell price’ lower than ‘buy price’? Gold like any other commodity, which is tradable has a buy-sell spread. The spread for Digital Gold buy and sell transactions is due to...
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How do I redeem my gold
admin admin
Sep 23, 2022 10:49 AM
Web Content Article
null {} null How do I redeem my gold? You can select the quantity and denomination of the gold you wish to redeem from the available options of coins on the Partner Platform. You can request for...
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What are making and delivery charges
admin admin
Sep 23, 2022 10:51 AM
Web Content Article
null {} null What are making and delivery charges? Making charges are the costs of manufacturing/minting Gold into a coin. This includes the cost of packaging the coin in tamper proof Certicards....
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Can I put in a different address from the one I used at the time for registering for the plan
admin admin
Sep 23, 2022 10:52 AM
Web Content Article
null {} null Can I put in a different address from the one I used at the time for registering for the plan? Yes. You can enter a different address. However, if this pin code does not fall in our...
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Is it possible after choosing a product, I get intimation saying the product is out of stock? In such as case, what do I do
admin admin
Sep 23, 2022 10:53 AM
Web Content Article
null {} null Is it possible after choosing a product, I get intimation saying the product is out of stock? In such as case, what do I do? The charges paid by you at the time of redemption will be...
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When will I receive the delivery
admin admin
Sep 23, 2022 10:54 AM
Web Content Article
null {} null When will I receive the delivery? You will be intimated about the expected delivery time, at the time of placing the order. The product will be delivered to you within 14 working days...
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Is it possible to store my redeemed gold coins and bars in safe custody and have them delivered later
admin admin
Sep 23, 2022 10:56 AM
Web Content Article
null {} null Is it possible to store my redeemed gold coins and bars in safe custody and have them delivered later? Once you place a redemption request, you have to accept the delivery made to you....
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What happens in case I receive a different product or damaged goods
admin admin
Sep 23, 2022 10:57 AM
Web Content Article
null {} null What happens in case I receive a different product or damaged goods? MMTC-PAMP explicitly urges to all its customers to inspect the package for any damage or tamper before receiving or...
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Who is responsible in case my Gold is not delivered to my address
admin admin
Sep 23, 2022 10:58 AM
Web Content Article
null {} null Who is responsible in case my Gold is not delivered to my address? MMTC-PAMP will be responsible. Customers need to contact the customer service of Partner Platform for any support....
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What if my gold balance gets debited but I don’t receive money into my partner platform account
admin admin
Sep 23, 2022 10:59 AM
Web Content Article
null {} null What if my gold balance gets debited but I don’t receive money into my partner platform account? The partner platform or MMTC-PAMP will retry payment to account shared with your...
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History of Gold
akshith kapoor
Sep 25, 2022 7:36 AM
Web Content Article
History of Gold Gold is revered worldwide for its monetary worth and rich history, intertwined with cultures for thousands of years. People have held gold for a variety of reasons over the years....
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Purity of Gold
akshith kapoor
Sep 25, 2022 7:46 AM
Web Content Article
Purity of Gold Gold purity is measured in karats. The term "Karat" is distinct from the unit of measurement "Carat," which is used to weigh gemstones. The purity of gold, measured in karats,...
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Why LBMA is Important
akshith kapoor
Sep 25, 2022 7:49 AM
Web Content Article
Why LBMA is Important The London Bullion Market Association (LBMA) is the world's independent precious metals authority and standards setter, ensuring that the precious metals market remains...
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Other Components to keep in mind for Evaluating the Purity of Gold
akshith kapoor
Sep 25, 2022 7:52 AM
Web Content Article
Other Components to keep in mind for Evaluating the Purity of Gold Measure purity through Karat: Make sure what you desire is what you get and that the gold you are purchasing is genuine. Karat is...
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What Do the Markings on Gold Tell You About Its Purity?
akshith kapoor
Sep 25, 2022 7:56 AM
Web Content Article
What Do the Markings on Gold Tell You About Its Purity? The 24-Karat hallmark specifies the number of pieces of gold alloyed on a range of 24. This shows that 24 of all the 24 elements are gold,...
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Types of Gold & Craftsmanship
akshith kapoor
Sep 25, 2022 8:00 AM
Web Content Article
Types of Gold & Craftsmanship Gold is also available in a variety of colors- Yellow gold is a natural color of gold that is held together by copper and silver. Copper, nickel, and zinc are mixed...
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Why do you follow international rates while you are sitting in Indian market?
admin admin
Sep 25, 2022 9:23 AM
Web Content Article
null {} null Why do you follow international rates while you are sitting in Indian market? As an LBMA accredited company we follow international market rates and we take pride as the only LBMA...
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What does MMTC-PAMP do with additional stones/gems in the jewellery?
admin admin
Sep 25, 2022 9:12 AM
Web Content Article
null {} null What does MMTC-PAMP do with additional stones/gems in the jewellery? We suggest bringing your old jewellery post removal of additional stones/gems to expedite the transaction duration....
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What are the documents required for the process and what is the duration of the process
admin admin
Sep 25, 2022 8:54 AM
Web Content Article
null {} null What are the documents required for the process and what is the duration of the process? It’s a 60-minute verification process and is displayed in real-time on CCTV. Your PAN Card,...
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What is the minimum quantity of gold that is accepted under the buyback process
admin admin
Sep 25, 2022 8:49 AM
Web Content Article
null {} null What is the minimum quantity of gold that is accepted under the buyback process? What are the charges? Minimum quantity of gold to be tested is 10 grams. The charges will be dependent...
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What is gold resale value?
akshith kapoor
Sep 22, 2022 10:14 AM
Web Content Article
null {} null What is gold resale value? Many people may not be aware that gold is sold at a set resale value and not the original or the current value. The resale value is subject to parameters...
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What is the best way to sell gold?
akshith kapoor
Sep 22, 2022 10:10 AM
Web Content Article
null {} null What is the best way to sell gold? The best way to sell gold is by opting for the right provider. For instance, MMTC-PAMP is an accredited and trusted buyer of gold, and the Buyback...
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How do you sell gold for cash in India?
akshith kapoor
Sep 22, 2022 9:59 AM
Web Content Article
null {} null How do you sell gold for cash in India? Indian households collectively hold 25,000 tons of gold amounting to Rs 110 lakh crores. Most people turn to liquidating gold for cash during...
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My digital gold seller has stopped servicing my account. How do I execute a transfer request of my digital gold holdings
admin admin
Sep 23, 2022 11:27 AM
Web Content Article
null {} null My digital gold seller has stopped servicing my account. How do I execute a transfer request of my digital gold holdings? Currently transfer of digital gold has been disabled for...
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My digital gold seller has stopped servicing my account. Where is can see my current holding
admin admin
Sep 23, 2022 11:26 AM
Web Content Article
null {} null My digital gold seller has stopped servicing my account. Where is can see my current holding? You can refer to your holding statement shared on email, or call our customer care to know...
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My digital gold seller has stopped servicing my account. Can I still continue to sell digital gold partially
admin admin
Sep 23, 2022 11:25 AM
Web Content Article
null {} null My digital gold seller has stopped servicing my account. Can I still continue to sell digital gold partially? Yes, you can sell partially. The residual balance shall be kept safely by...
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Is there anyone who ensures that my gold is safe inside MMTC-PAMP vault
admin admin
Sep 23, 2022 11:24 AM
Web Content Article
null {} null Is there anyone who ensures that my gold is safe inside MMTC-PAMP vault? Universal Trusteeship Services Ltd.(UTSL) acts as a custodian of the gold on your behalf to ensure that your...
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My digital gold seller has stopped servicing my account. I now want to Redeem my gold. what is the process
admin admin
Sep 23, 2022 11:23 AM
Web Content Article
null {} null My digital gold seller has stopped servicing my account. I now want to Redeem my gold. what is the process? We would like to assure you that your digital gold investment is safe with...
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My digital gold seller has stopped servicing my account. Can you transfer my account to another partner of yours? What is the process
admin admin
Sep 23, 2022 11:23 AM
Web Content Article
null {} null My digital gold seller has stopped servicing my account. Can you transfer my account to another partner of yours? What is the process? Currently transfer or gifting of gold has been...
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My digital gold seller has stopped servicing my account. I want to continue to buy digital gold. What is the process
admin admin
Sep 23, 2022 11:22 AM
Web Content Article
null {} null My digital gold seller has stopped servicing my account. I want to continue to buy digital gold. What is the process? We continue to offer our digital gold product through several...
Back Taking Pride in Highest Purity
Gold has always held a special place in investment portfolios due to its historical reliability as a safe haven asset. In the current scenario, gold continues to be a valuable addition to investment portfolios. While it’s essential to acknowledge that the value of gold can fluctuate in response to various factors, it remains a trusted asset for diversification and risk management. As an investment, gold can offer stability and act as a hedge during reduced economic uncertainties. While market conditions may vary, the enduring appeal of gold as a sound investment choice endures. Q - What is the difference between 22K & 24K gold and which should you buy if you want to invest in gold?
24K gold and which should you buy if you want to invest in gold?
• The primary difference between 22K and 24K gold lies in their purity levels and composition.
• 24K gold, also represented as 999 fineness, is 999 parts pure gold out of 1,000 parts, with minimal traces of other metals. This means that when you buy 1,000 grams of 24K gold, you’ll get 999 grams of pure gold mixed with 1 gram of some other metal.
•22K gold, on the other hand, is of 916 fineness, which means in 1,000 grams of 22K gold, 916 grams is pure gold, and the rest consists of other metals, such as copper. 22K gold and below are used for making jewellery because they are combined with other metals to improve hardness, malleability, and strength.
When investing in gold or silver, it is crucial to purchase the highest purity, which is typically associated with minted coins and bars. At MMTC-PAMP, our focus is on offering minted gold and silver products to consistently ensure the highest purity at 999.9+. This means that if you buy 1,000 grams of 24K gold from MMTC-PAMP, you’ll always receive more than 999.9 grams of gold.
Importantly, MMTC-PAMP is the only refinery that uses silver as the balance metal, giving our customers the purest products available.
Q - How does the purity level of 995 & 999 fineness differ from that of 999.9 fineness?
995, 999 and 999.9 purity levels are an international nomenclature, which is used to define the purity of gold and silver per 1,000 grams. Ex - at a weight of 1,000 grams of gold, a purity of 995 means that you get 995 grams of gold with 5 grams of another metal like copper. 999 purity means 999 grams of gold with 1 gram of another metal, while 999.9 means you get only 0.1 gram of another metal while the rest is pure gold. The difference between 995, 999, and 999.9 fineness lies in the purity level of the gold and silver.
Hence, while 999 fineness gold is considered 99.9% pure, 995 fineness gold is at 99.5% purity. At MMTC PAMP, our minted (coins and bars) gold and silver products surpass the 999.9+ purity level, making them the purest and the most valuable products available.It is further worth highlighting that MMTC-PAMP is the only refinery which not only provides gold of the highest purity of 999.9+, but also with the balance metal being pure silver, thereby giving our customers the purest products.
Q - Is this the right time to add gold to the investment portfolio? Why?
As a long-term wealth preservation asset, gold has historically delivered consistent results. Incorporating gold into an investment portfolio adds valuable diversification benefits, helping investors spread their risk and exposure during reduced economic uncertainties. Gold has consistently proven its worth as a safe and reliable investment over the years. Q - What advantage does MMTC’s collaboration with PAMP SA offer investors and buyers of gold?
MMTC-PAMP combines the rich heritage and trust associated with MMTC, the global excellence, and the expertise of PAMP SA, a renowned Swiss bullion refinery.
MMTC-PAMP is the only London Bullion Market Association (LBMA) - -accredited Gold and Silver Good delivery refiner in India. Investors and buyers of gold and silver can be assured of the purest products with positive weight and purity tolerance. Our minted precious metal products are of 999.9+ purity. As a result, investors and buyers gain access to a vast range of gold and silver products crafted to the highest international standards, ensuring both purity and quality.
Q - What are the key processes and quality assurances that MMTC-PAMP follows to ensure the purity and authenticity of its gold and silver products?
As India’s only LBMA-accredited Gold and Silver Good delivery refiner, we shoulder the responsibility to maintain the highest standards of compliance across our value chain. Our compliance with Responsible Gold Guidelines (RGG) and the seamless year-on-year audit and accreditation with LBMA highlight our unwavering commitment to responsible practices and superior value delivery. The outcome of this rigorous journey is products with 999.9+ purity, a testament to our dedication to quality and authenticity, assuring our customers of unmatched value.
At MMTC-PAMP, it begins with the sourcing of precious metals from responsible supply chains, ensuring ethical practices. We use state-of-the-art assaying techniques to verify the metal’s purity.
Once the quality is assured, we craft our minted products with the Finest Swiss Craftsmanship with designs and motifs inspired by our Indian cultural heritage.Our minted products such as coins and bars are the purest in the market and come with positive weight and purity tolerance, meaning customers get more than the mentioned weight.
Q - What are the different methods of investing in gold, and which one would you recommend?
One can make gold investments in multiple forms. However, it’s advisable to choose a method that aligns with one’s investment goals and preferences from those stated below:
- Minted gold coins and bars
- Digital gold
- Sovereign gold bonds
- Gold ETFs
- Gold mutual funds
Minted coins and bars provide tangible ownership of gold and high purity levels and are most liquid (can be sold to an authorised dealer at the prevailing market price), making them a reliable choice for those who value physical assets. On the other hand, sovereign gold bonds, gold ETFs, and gold mutual funds offer ease of trading and liquidity however may come with a lock-in period or management charges, which may not be preferred by some consumers. The final choice depends on your financial objectives, risk tolerance, and investment strategy.
When buying physical gold , it is crucial to pay attention to purity. MMTC-PAMP ensures these products are of the highest purity (999.9+), making them a reliable and trusted investment choice. They are an excellent way to diversify one’s portfolio while enjoying the security and flexibility of physical gold.
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