Archive · 12 Jun 2025
Muthoot Exim's Gold Recycling Outlets Expand to 50 Centers
Muthoot Exim is doing well by buying back old gold from people and recycling it.
They have 50 stores called Gold Point where you can sell your old gold.
The company takes the gold, makes it pure, and then gives it to companies that make gold coins.
They started this because India imports a lot of gold, and recycling helps the economy.
You can also buy gold or silver through savings plans.
They have a digital way to buy gold too, which is popular with younger people.
The company plans to open more stores soon.
Muthoot Exim's Gold Point outlets, which buy back old gold, have expanded to 50 centers.
The company launched Gold Point in 2015 in Coimbatore as a pilot project.
Muthoot Exim aims to expand to 100 centers before the end of the fiscal year or Q1 of next fiscal.
Gold is refined into pure gold and supplied to gold coin manufacturers.
The company also offers schemes for purchasing gold and silver as savings, including digital options.
- Who
- Muthoot Exim Private Ltd.
- What
- Muthoot Exim's Gold Point outlets expand to 50 centers for buying back old gold.
- When
- Launched in 2015, with plans to expand.
- Where
- Present across metropolitan, Tier 1, and Tier 2 cities in India.
- Why
- To provide a transparent platform for gold sales and reduce reliance on gold imports.
- Company
- Muthoot Exim Private Ltd
- Service
- Gold buy-back and recycling
- Outlet Name
- Gold Point
- Current Outlets
- 50
- Expansion Goal
- 100 centers
- Launched In
- 2015
- Gold Schemes
- Swarnavarsham and e-Swarna