MMTC-PAMP Inaugurated Unique Gold Buy-Back and Exchange Scheme

SEATTLE (Scrap Monster):  MMTC-PAMP- one among the world’s leading gold and silver refining and minting firm launched a new scheme to promote buyback and exchange of gold. The scheme, initially rolled out in the capital city of Delhi, will be soon introduced in cities across the country.

The gold buyback scheme promises maximum value of gold to sellers. The sellers will be offered value for their gold either in the form a cash credit through direct bank transfer or in the form of gold bars of highest purity. The scheme has been initially launched in MMTC-PAMP’s Lajpat Nagar branch in Delhi, which will soon be extended countrywide. The services, offered at a nominal transaction fee, would offer some respite to people hit by economic crisis on account of Covid-19 pandemic, said Vikas Singh, CEO and Managing Director, MMTC-PAMP.

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According to the refiner, the seller could be able to monitor the industry-leading verification process used by it to determine the value of the sold good, via a live CCTV footage. A minimum of 10 grams of gold will be tested. A transaction fee of INR 1,000 will be charged if the gold is found unacceptable for exchange after the gold evaluation process.