Hyderabad, Mar 04: Muthoot Exim Ltd., the precious metals division of the 138-year-old Muthoot Pappachan Group proudly announces the grand opening of its newest Gold Point Centre at the Muthoot gold point, Shop no.23, Lower Ground floor, Liberty Plaza Building, opp. Raymond Showroom, Himayatnagar, Hyderabad, Telangana- 500029. This marks the 95th branch in India, 6th in Hyderabad and 9th in Telangana.
The new Gold Point Centre aims to make transparent, scientific and responsible gold recycling more accessible to customers in and around Himayatnagar, Hyderabad. The Himayatnagar, Hyderabad Gold Point Centre will allow customers to sell their old and used gold in a safe and reliable manner. Muthoot Gold Point Centres are widely known for their commitment to transparency, enabling customers to observe the entire valuation process while receiving fair and accurate value for their gold. Instant cash payments are provided for gold valued up to Rs 10,000, while higher amounts are processed through IMPS, NEFT or RTGS, ensuring a smooth, secure and hassle-free transaction experience.
Commenting on the expansion, Thomas Muthoot, Executive Director, Muthoot Pappachan Group & Managing Director, Muthoot Exim, said,
“The launch of our 96th Muthoot Gold Point Centre in Himayatnagar reinforces our long-term commitment to Telangana, a region with a deep-rooted legacy in gold trade and jewellery craftsmanship dating back to the Nizam era. Hyderabad has historically been a prominent bullion and jewellery market and expanding within the city reflects our confidence in its continued growth. Through this centre, we aim to further formalise gold recycling by offering a structured, transparent and scientifically driven platform that aligns with evolving customer expectations.”
Keyur Shah, CEO, Muthoot Exim, added,
“Himayatnagar is one of Hyderabad’s well-established commercial and residential hubs, making it a natural extension of our presence in the city. Telangana continues to witness steady demand for gold both as a cultural asset and a financial safeguard. With this new centre, we are focused on delivering a seamless and fully transparent gold evaluation process that builds trust and convenience for customers, while strengthening the organised recycling ecosystem in the region.”
Muthoot Exim Pvt. Ltd. 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 2014, the company has expanded to major cities including Mumbai, Bengaluru, Chennai, Ernakulam, Trivandrum, Delhi NCR, Kolkata, Hyderabad, Hubballi, Nagpur, Barasat, Tirunelveli, Guntur, Warangal, Davangere, Bhubaneswar, Kalaburagi, Thrissur, Lucknow, Mohali, Vellore, Faridabad, Kozhikode, Trichy, Belagavi, Serampore, Mathura, Secunderabad and now Kakinada consistently offering high-quality products at affordable prices.