Chennai: As countless countries around the world struggle amid pandemic-induced economic downturns, many individuals, families, and jewellers are faced with the inevitable: selling gold jewellry, bars, or coins as an imperative means of financial relief.
A primary attribute of high karatage gold is that its value may be exchanged for direct bank transfer. However, individuals or jewellers looking to sell gold items rarely receive true valuation for the pure gold content. Much of that has to do with outdated and the imprecise valuation method used – the acid test, which can only approximate the pure gold content, resulting in disappointing offers of lower than expected prices.
MMTC-PAMP, India’s first and only London Bullion Market Association (LBMA) Good Delivery refinery accredited for gold and silver, has launched a buy-back and exchange offer for gold.
“The advanced technology of our purity verification centre is the global standard that ensures maximum buy-back or exchange value, thereby providing accurate, transparent and trustworthy value for your gold,” said Vikas Singh, managing director and chief executive officer, MMTC-PAMP.