Does Mmtc Buy Back Gold?

To offer some respite to those hit by the pandemic Covid19, bullion refiner MMTC-PAMP launched a buy-back and exchange offer for gold in the national capital on Saturday. The MMTC PAMP gold buyback plan allows sellers to receive the maximum value of gold as a direct bank transfer or in the form of a pure gold bar.

Can we sell gold to MMTC?

Me-Gold also gives you the flexibility to sell your accumulated Gold back to MMTC-PAMP on Motilal Oswal platform or redeem it, in the form of 24K 999.9 Fine Gold coins that will be delivered to your doorstep. Me-Gold can be bought, sold or withdrawn online 24 hours a day, 7 days a week, and 365 days a year.

Can gold be exchanged for money?

In most cases, jewellers do not accept jewellery, coins or any form of physical gold in exchange for cash. You will have to melt the metal and purchase gold in exchange. This means that you may be stuck with physical gold and not make a cash profit out of it despite the appreciation in value.