Business EconomyPosted at: Jun 15 2024 9:56PM


Muthoot Exim launches 2nd Gold point centre in Telangana

Hyderabad, June 15 (UNI) Muthoot Exim (P) Ltd., the precious metal arm of business conglomerate Muthoot Pappachan Group (also known as Muthoot Blue), on Saturday announced it has launched its Gold Point Centre in Hyderabad, making it the second such facility in the state of Telangana.
With this new branch, the company today has 24 Gold Point centres in India including two 'Mobile Muthoot Gold Point' (Mumbai & Bengaluru) which collects gold from the doorstep of the customers, the company said in a release here.
Muthoot Exim, through its Gold Point Centres, buys old and used gold items directly from customers, which is later reprocessed, refined and supplied for domestic consumption.
Opened at Uppal area in the city, the centre would provide customers with a trusted and credible to sell their gold ensuring a seamless process, the company said in a release here.
The centre aims to ensure transparent, fair, precise and efficient selling and recycling of gold.
With the first Gold Point Centre in Coimbatore, the company has progressively expanded its footprint to cities like Mumbai, Bengaluru, Chennai, Delhi, Kolkata, Madurai, Vijayawada, Ernakulam, Trichy, Pune, and Hyderabad (Telangana).
Customers can witness the entire valuation process first hand and receive instant cash payment for gold valued up to Rs 20,000. For higher amounts, flexible payment options such as credit via IMPS, NEFT, or RTGS are available.
Commenting on the launch, Keyur Shah, CEO, Muthoot Exim said, “Expanding our presence in Telangana with more Gold Point Centres is essential to our business strategy. The opening of our second branch brings us closer to our customers in Hyderabad and reinforces our efforts to provide a unique, organized and industry-leading process of transparent gold testing and assessment, ensuring fair valuation.”
Thomas Muthoot, Executive Director, Muthoot Pappachan Group & Managing Director, Muthoot Exim said, “We plan to extend our reach nationwide, establishing additional centres to serve our customers' needs and meet the rising demand for retail gold while delivering exceptional service through our Gold Point Centres.”
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