How It Works?

Sell Your Gold in Quick & Easy Steps with 100% Transparency

Step 01

Your Gold Value is Evaluated

Your gold is weighed on our authenticated scales and value measured from industry best German XRF (X-Ray Fluorescence Technology) machines to ensure you get the full value of your old gold.

Step 02

Transparency and Trust

All MMTC-PAMP ‘Purity Verification Centres’ ensure you get transparent service by melting your gold in front of you after weighing and testing the quality of your gold.

Step 03

Get Full Value of your gold

The store would have informed you about our gold buyback rate and service charge before melting your gold. You receive full value of your gold via instant bank payment.

How MMTC-PAMP is different from Traditional Jewelers

At MMTC-PAMP, our priority is to extend the maximum value for your gold. When pitted against traditional players, our Buyback program stands out for its simplicity, transparency and reliability. We employ Swiss-engineered XRF (X-Ray Fluorescence) technology for gold valuation rather than just rubbing the gold item against a touchstone. This best-in-industry analytical testing reduces the margin for error and gives an exact valuation rather than an estimate. We invite customers to watch the entire valuation and cost estimation process live and provide a purity certificate along with a detailed purchase and tax invoice. Traditionally, others have followed a discreet process and provided no documentation.

The gold rate that MMTC-PAMP considers is the declared rate of the day, as opposed to the lowest rate opted for by traditional players. And the final amount payable by us is made through bank transfers, not the potentially fraudulent methods of cash handouts without any invoice or receipt.

As a gold owner, you may have numerous avenues to sell or exchange your gold but it’s important to choose a provider that promises authenticity, transparency, and documentation so you can be assured of the best return on your asset.

Parameters MMTC-PAMP Traditional players
Gold valuation Using XRF technology Touchstone
Process View Transparent CCTV monitored/
glass door process
Behind the desk
Certification Purity Certificate provided Nothing is provided
Tax and Invoices Detailed purchase invoice
is provided
No detailed receipt is
shared generally
Gold rates Declared gold rate of the
day is used
Lowest rate of the day is used
Payments Direct bank transfer Cash payments with no invoices

Sell Your Gold For Spot Cash At MMTC-PAMP

Unprecedented times may elicit the need for instant cash. Gold is the security asset that can be quickly liquified. However, it’s important to know the correct way to sell old gold for cash.

Step 1Visit your nearest MMTC-PAMP Purity Verification Center.

Step 2Give your gold for authentication. It will be weighed in its original form, melted and then weighed again. Post which, it is cooled and cleaned in deionized water.

Step 3The exact gold content is assessed using the XRF technology. As the process is carried out, you will be invited to watch all of it live on a CCTV camera to ensure complete transparency.

Step 4You will receive a software-generated verification receipt mentioning details of the gold content, taxes and other charges.

Step 5You will receive the amount due in the form of an instant bank transfer.

So, if you need to sell gold for cash, MMTC-PAMP’s Buyback program ensures the maximum value for your gold most transparently and securely.

How do you choose the right gold jewelry buyer?

There must be numerous second-hand gold jewelry buyers near you. It’s important to verify the authenticity of these buyers before you hand over your asset.

1.Do thorough research on their credibility.

2.Check if their gold valuation and authentication processes are transparent.

3.Make sure they provide documentation of gold value, final price, taxes and deductions.

Establishments such as MMTC-PAMP are accredited and verified, and hence are safer options if you want to sell gold jewelry at the maximum return value.

Procedure to Sell Gold Ornaments

The quickest, safest, and easiest way to sell gold ornaments is by visiting one of our MMTC-PAMP Purity Verification Centers near you. To ensure instant payout for your gold, carry the gold ornament; the original bill or proof document of the ornament (if available); your PAN or Aadhaar card; latest proof of residential address; and two passport-size photos.

The entire process at any MMTC-PAMP Purity Verification Center takes 45 to 60 minutes, and having these documents handy will ensure a quicker transaction.

List of Gold Items We Buy for Cash

Indian households have substantial amounts of gold ornaments that are handed down through generations. Most often, when someone falls on hard times, they try to liquefy their assets for cash. Gold is the easiest and quickest asset to turn into cash. And if you’re looking to sell your gold ornaments, you should be aware of the type of gold items buyers will accept for cash.

Here is the list of gold items we accept at MMTC-PAMP:

Gold rings of various kinds and makes

Gold bracelets and bangles made of pure gold

Gold necklaces and chains

Gold coins—Gold coins are a purer form of gold and have a higher gold content. A lot of people invest in gold coins as a hedge against inflation.

Gold bars—These get the same treatment as gold coins.

Other gold ornaments, such as kamarbandh, bajubandh, maang tikka

If you’re still unsure of whether your gold ornament qualifies to be sold at MMTC-PAMP, you can contact our customer support for assistance.

Valuation of Gold

To believe that you are getting the highest return for your asset, you should be aware of the process of valuation. You may not be aware of the true value, especially in the case of gold ornaments that are legacy pieces or stowed away in lockers for safekeeping.

To understand how the valuation of your gold is done, you must first know how we arrive at the content of the gold to be valued. When you walk into a MMTC-PAMP Purity Verification Center, your gold is first weighed, melted and then weighed again. Post cleaning in deionized water, the gold content is authenticated via the best analytical technique—XRF technology—and the final content of the gold is valued as per the parameter defined under our LBMA accreditation. Unlike other traditional players that often take the lowest value of gold on the day of exchange, MMTC-PAMP considers the declared value of gold for the day. This ensures that you get the maximum value for your gold rather than having to compromise on the price in case of an emergency. You will also be given proper documentation with information on the gold content, taxes and deductions to maintain maximum transparency.

MMTC-PAMP Purity Verification Centre

SWISS EXCELLENCE. MADE IN INDIA

MMTC-PAMP is India’s first and only gold and silver refinery accredited by the London Bullion Market Association (LBMA), the industry’s foremost regulatory institution worldwide. Our international accreditation guarantees you the best value for your gold, with world-class technology that makes the process simple, transparent and reliable.

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FREQUENTLY ASKED QUESTIONS

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 tough times. The global Covid-19 pandemic saw a rise in gold being traded for cash. But if you’re wondering where to sell gold for cash in India, there are a few options to choose from. You can visit any jewelry store or an accredited jewelry reseller or recycler. However, make sure that you do diligent research on the authenticity of the buyer as there could be chances of fraudulent activities. Certain things to keep in mind are the reputation of the buyer, their accreditation, the document proof they ask for, the documents they give to you specifying the gold content and legalities, and the transparency they offer. This will reduce the margin for error in gold valuation and any chances of theft, and ensure that you get the maximum return for your gold ornament.

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 program has been specifically drafted in a way that the seller gets the best return for their gold. Not only is the gold authentication process done by employing precise Swiss technology, but the customer is also invited to view the entire process live as well as replayed through CCTV recordings. This eliminates any room for manual errors and gives the customer peace of mind. Additionally, they also receive a software-generated document that declares the entire content of gold, final value, taxes and deductions incurred. The final amount payable is then transferred to the customer’s bank account, thereby, doing away with the probability of any illegal cash transactions.

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 such as the actual content of gold in the ornament, the purity of gold, the governing gold prices on the day of sale, additional taxes and commissions that the buyer may deduct, and the current exchange rate. It is, therefore, imperative to find a suitable buyer who offers transparency of the process and prioritizes giving you the highest value for your gold. At MMTC-PAMP, India’s first and only gold and silver refinery accredited by the London Bullion Market Association (LBMA), the industry’s foremost regulatory institution worldwide, we not only promise transparency and security but also aim to provide the maximum value for your gold through a completely transparent and well-documented process.

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 on the current day’s buyback rate and quantity/purity of the metal.

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, AADHAR Card and a cancelled cheque are mandatory for the transaction.

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. However, we shall always remove the stones/gems before melting the gold post consent of the customers.

What if the customer changes their mind post melting of metal and decides not to go ahead with the Buyback/Exchange Process?

A processing fee amounting to Rs.1000 will be charged to the customer if buyback/exchange is not completed.

Is MMTC-PAMP’s buyback rate the same as followed across the market?

No, the buyback rate is declared by MMTC-PAMP driven by international market rates.

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 certified company in India, which ensures that we maintain a high level of transparency in all our transactions with you.

What is the exchange process?

Under the exchange process, MMTC-PAMP shall purchase the customer’s metal as per the current day’s buyback rate and the amount will be credited to the customer's bank account via instant bank transfer. You also have the option to buy from our vast range of minted products at the current day’s sale price.

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