Muthoot Gold Point in Kochi
Muthoot Gold Point in Kochi
February 8
Muthoot Exim Pvt Ltd., the
precious metals division of Muthoot Pappachan Group, has launched its 12th and
Kerala’s first gold recycling centre, Muthoot Gold Point, in Kochi.Muthoot
Exim, through its centres, buys old and used gold items directly from
customers, reprocess, refines and supplies refined bars for domestic
consumption, with the objective of reducing dependence on gold imports. It was
the first company to launch gold recycling centre in the organised sector.
With its first point centre
launched in Coimbatore in 2015, it has gradually expanded to Ahmedabad,
Bengaluru, Chennai, Delhi, Kolkata, Ludhiana, Madurai, Mumbai, Vijayawada and
Behrampur.With Kerala having one of the largest consumption of gold per capita,
the launch of the Gold Point Centre aims to incentivise people to recycle their
old gold and reusing the same, said Thomas John Muthoot, Chariman and MD,
Muthoot Pappachan Group.
Keyur Shah, Chief Executive Officer, Muthoot Precious
Metals Division, said Muthoot Gold Point offer customers price for the decimal
points of the gold ornament.
Source: http://www.thehindubusinessline.com/
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