Second to China, India has the biggest collective repository of gold, with Indians owning a mammoth 26,000 tons of gold worth $1000 billion. Gold is viewed not just as a symbol of legacy that’s passed on from generation to generation but is also trusted as a stable and resilient investment option. Since gold is touted as both a status symbol and an investment instrument, it has earned a place in most Indian household lockers and gold vaults across varying quantities.
The repercussion of the current pandemic has left the common man with lesser ways to finance their survival, prompting them to liquidate assets. In such situations, MMTC-PAMP’s Gold Buyback program acts as a savior by enabling people to quickly sell their gold for the best possible cash value. Let’s take a look at how they make this possible:
** 1. Precise authentication ensures correct sale price**
It is important to accurately estimate the authenticity of the gold to arrive at its correct sale value. To gauge that, the gold is initially weighed in its original form and then weighed again after melting. Once the gold is melted and cooled, the next level involves cleaning by pickling and then rinsing again in deionized water. If the gold has any stones or precious gems, it is removed before the start of the process.
2. Superior analytical testing for meticulous fact-checking
Furthering the authentication process, they employ Swiss-engineered X-Ray Fluorescence Technology (XRF) to calculate the exact content of gold in the original form. This technology leaves little to no room for error.
3. Unmatched transparency omits chances of fraudulent activities
They believe in complete transaction transparency. Customers are invited to view the entire process right from melting to purity verification in real-time. The process is also recorded to be played back later via live CCTV. This eliminates any doubts or chances of mishandling or fraud.
4. Software-verified receipt for complete transaction proof
The final software-generated verification receipt has all the important details – right from the purity grade and actual content of gold to the final amount payable to the customer.
5. Bank transfer for instant money deposit and no hidden fee
The final amount is then instantly transferred to the customer’s bank account, so there’s no room for any hidden fee or fund mismanagement.
The entire buyback process takes an average of forty-five to sixty minutes, enabling customers to almost instantly liquidate their gold assets for funds during emergencies. Note that the customer will have to provide certain verification documents like the PAN Card/Aadhaar Card and a canceled cheque to avail of the buyback option. Customers also have the control to exit the process at any time they wish after paying a nominal charge of Rs. 3000.
If you’re looking to exchange your owned gold for instant cash and without compromising on the return value, the MMTC-PAMP’s Gold Buyback Program is the ideal option for you.
When it comes to investing, most Indian investors tend to focus on returns and the amount of wealth they expect to generate over a long-time horizon. While considering returns is very important, there is another factor that deserves attention and is frequently overlooked when it comes to investing - liquidity.
Gold has been a trusted store of value for centuries. It is not linked to corporate profits or economic cycles. Instead, it holds its own during uncertain times. This makes gold an ideal choice for those looking for stability in their portfolio.
Since time immemorial, gold has played an important role in Indian households. It's been given as gifts during weddings, festivals, and other family occasions for countless generations. Some gold is inherited, and some gold is received as blessings. Over time, these gifts turn into a collection—some useful, some forgotten. If you have such gold lying idle, now might be the time to think differently. Instead of storing what you no longer use, you can choose a gold buyback and make better use of it.
MMTC-PAMP India Private Limited
Rojka-Meo Industrial Estate,
Distt. Nuh,
Haryana – 122103,
India
Ph: +91 124 2868000
CIN - U27100HR2008PTC042218
customercare@mmtcpamp.com
info@mmtcpamp.com
For corporate sales related
queries :
corporate.sales@mmtcpamp.com
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1800-313-182182
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