Money & Banking

Muthoot Exim rolls out van service to collect gold from sellers’ doorstep

Our Bureau Mumbai October 13 | Updated on January 16, 2018 Published on October 13, 2016

The van has hi-tech features to provide accurate valuation of the gold

Muthoot Exim Pvt. Ltd, the precious metals division of the 129-year-old Muthoot Pappachan Group, has launched ‘Mobile Muthoot Gold Point’, which allows people to sell their old gold at their doorstep and convenience.

The company will send a vehicle to collect gold directly from customers at their doorsteps. The public can call for the mobile van between 10:30 am to 7.00 pm and fix an appointment at a mutually convenient time.

The valuation of the old gold/ornaments will be done in the state-of-the-art mobile van, which features XRF technology as well as the facility to melt the gold (if required and agreed upon by the customers) to provide accurate valuation.

Instant cash

Customers can get instant cash (for value up to ₹20,000) or credit via IMPS, NEFT, RTGS (for value above ₹20,000).

Online payment will directly be credited to the customer’s account.

Thomas George Muthoot, Director, Muthoot Pappachan Group, said:

“The move will also be in sync with the government’s vision to recycle as much gold as possible and our mobile van service will help facilitate it better.

“ I am sure this latest innovation will be well received as it provides a hassle-free atmosphere for anyone wanting to sell their used gold.”

Muthoot Exim has tied up with Sequel Logistics for the security of the ‘Mobile Muthoot Gold Point’ vehicle.

Published on October 13, 2016
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