Punjab: "Muthoot Exim (P) Ltd.", the precious metals division of the 138-year-old Muthoot Pappachan Group (Muthoot Blue), has launched its first Gold Point Centre in Punjab and 39th in India. The centre, located at First floor, SCF-32, beside Ujjivan Small Finance Bank, Phase 3B2, Sector 60, Sahibzada Ajit Singh Nagar, Punjab – 160059, officially opened on March 3, 2025.
The 'Muthoot Gold Point Centre' aims to offer fair, transparent gold valuation and fast liquidity solutions to the people of Punjab. Residents can sell old and used gold items with confidence, witnessing the valuation process firsthand. Customers receive instant cash payments for gold valued up to ₹10,000, while larger transactions are processed securely via IMPS, NEFT, or RTGS.
Keyur Shah, CEO, Muthoot Exim: "Punjab is a culturally rich state, and we are thrilled to contribute to its success story. Our Gold Point Centre ensures a transparent and convenient way for people to unlock the value of their gold with fair and accurate valuations."
Thomas Muthoot, Executive Director, Muthoot Pappachan Group & MD, Muthoot Exim: "This expansion is a key milestone in our mission to offer affordable financial solutions nationwide. By providing a safe and trustworthy platform, we empower residents to meet their financial needs with confidence."
'Muthoot Gold Point Centres' purchase old gold directly from customers, which is then refined and reintroduced into the domestic market. The valuation process is completely transparent and observable, ensuring customers receive equitable pricing for their gold.
Since launching India’s first organized gold recycling centre in Coimbatore in 2015, Muthoot Exim has expanded across major cities including Mumbai, Bengaluru, Chennai, Delhi, Kolkata, Bhubaneswar, Lucknow, Hubballi, Warangal, Tirunelveli, Guntur, and now Punjab.
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