Punjab, March 11, 2025: Muthoot Exim (P) Ltd., the precious metal arm of 138-year-old business conglomerate Muthoot Pappachan Group (also known as Muthoot Blue), proudly announces the grand opening of its newest Gold Point Centre in Punjab. The new Muthoot Gold Point Centre is strategically located at First floor, SCF- 32, Beside Ujjivan Small Finance Bank, Phase 3B2, Sector 60, Sahibzada Ajit Singh Nagar in Punjab 160059.
This marks the opening of 39th Gold Point Centre in India and the 1st branch in the state of Punjab on 3rd March 2025.
The new Gold Point Centre will unlock the value of gold to the residents of Lucknow who will get an opportunity to acquire the much-needed liquidity transparently. Muthoot Exim’s Gold Point Centres are renowned for their commitment to transparency and customer trust. At these centres, customers can sell their old and used gold items with the assurance of receiving fair and accurate valuations. The entire process is conducted transparently, allowing customers to witness the valuation firsthand. Instant cash payments are made for gold valued up to Rs 10,000 with higher amounts processed via IMPS, NEFT, or RTGS, ensuring a seamless and trustworthy transaction experience.
Keyur Shah, CEO of Muthoot Exim said, “Punjab is a state rich in culture and we are thrilled to be a part of its success story. Our Gold Point Centre will give citizens an easy, transparent means of getting the value out of their gold. With accurate and equitable valuations, we want to empower individuals with fast liquidity and make the process easy, secure, and convenient.”
Thomas Muthoot, Executive Director of Muthoot Pappachan Group & Managing Director of Muthoot Exim, added, “The opening of the Muthoot Gold Point Centre in Punjab represents an important milestone in our quest to take affordable financial solutions to communities throughout the nation. We are helping residents meet their financial demands with confidence by offering a safe platform to unlock the value of their gold, all the while guaranteeing a trustworthy and transparent service.”
Muthoot Exim Pvt. Ltd. (MEPL) has been at the forefront of innovation in the precious metals market. As the first organized player to launch a gold recycling centre in India, MEPL has continuously set benchmarks in the industry. Since the opening of its first Gold Point Centre in Coimbatore in 2015, the company has expanded to major cities including Mumbai, Bengaluru, Chennai, Delhi, Kolkata, Hubballi, Napur, Barasat, Tirunelveli, Guntur, Warangal, Davangere, Bhubneshwar, Kalaburagi, Thrissur, Lucknow and now Punjab consistently offering high-quality products at affordable prices