Rajahmundry, October 28, 2023: Muthoot Exim (P) Ltd., the precious metal arm of business conglomerate Muthoot Pappachan Group (also known as Muthoot Blue), has opened new Muthoot Gold Point Centre at G.S. Rao Complex, D. No:6-6-10, Ground Floor, T.Nagar, Near Kotipalli Bus stand, Rajahmundry. This Gold Point centre will be the third in the state from Muthoot Exim aimed at providing the customers a trusted and credible centre to sell their gold ensuring a seamless transparent process. With this new branch, the company today has 18 Gold Point centres in India including two ‘Mobile Muthoot Gold Point’ which collects gold from the doorstep of the customers. 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.
The first Gold Point centre was launched by the organisation in Coimbatore in 2015 and have expanded to other cities since then including Mumbai, Bengaluru, Chennai, Delhi, Kolkata, Madurai, Vijayawada, Ernakulam (Kochi), Noida, Pune, Hyderabad, Indore, Visakhapatnam, Gurgaon and Mysuru.
Muthoot Exim is the first national level organised sector venture to get into recycling of gold which is in line with the vision laid down by the Government of India for the Indian Gold Industry to reduce India’s overdependence of imports. It is also the first organization in India to launch doorstep service with launch of mobile vans in Mumbai & Bengaluru. The company intends to revolutionize the retail recycled gold segment by empowering customers with transparency, scientific assessment and best practises that would enable them to get fair value for their Gold.