Q. I want to know about MMTC - Precious Metals Division.
A. The charges are nominal, depending on the item under consideration.
A. MMTC’s Precious Metals division is one of the trading divisions of MMTC Ltd., India. Dealing mainly with import and export of gold & silver, platinum, palladium, gems, rough diamonds and other semi precious color stones. Besides, this division has a retail segment which looks after retail activities in selling MMTC’s gold and silver medallions, Jewellery through various outlets and regular exhibitions all over India. It has also launched its own brand of Silverware products named - 'Sanchi'. Sanchi products are made up of pure sterling silver which is 92.5% pure. The product range is known for its purity, design and high quality. To view products online log on to www.mmtcretail.com.
Q. Where are the MMTC offices/outlets located, Whom do I contact?
A. We have various regional and sub-regional offices spread all over India. We also have various MMTC owned retail outlets and stockist stores spread all over India. For a detailed list, click http://www.mmtcretail.com/Storelocator.aspx .
Q. How do I buy gold, silver, platinum, palladium, medallions, Sanchi from MMTC?
A. Gold and silver medallions/bars of denomination upto 1kg and Sanchi are available at MMTC showrooms. Please see the schemes of buyers. Click to View Import Schemes.
Q.What is hallmarking?
A. Hallmarking is the accurate determination and an official recording of the proportionate content of precious metal in gold ware. Hallmarking is a process in which a series of marks are applied on gold or any other precious metal jewellery. These marks indicate that the jewellery has been evaluated and certified at an official assay office and that it confirms to national/ international standards of fineness of purity.
A hallmark is a stamped mark on gold/ silver objects guaranteeing that the metal conforms to certain legal quality standards laid down.
Q. What is assaying?
A. Assaying is a test carried out to determine the fineness, purity or consistency of various metals including precious metals.
Q. How is MMTC involved in assaying/ hallmarking?
A. Bureau of Indian Standards has granted recognition to MMTC as an Assaying and hallmarking center under BIS hallmarking scheme for gold jewellery.
Q. What are the charges for assaying/ hallmarking?
Q. What is ‘SANCHI’?
A. Sanchi is MMTC's brand of Sterling Silverware with 92.5% purity. The Silverware specifically introduced for quality conscious consumers. The silverware is pure in content and the designs are simple yet elegant and appeal to the tastes of discerning consumer.
Q. How can I choose a Sanchi product and place an order?
A. Sanchi products are available at our showrooms & stockist showrooms.
Q. What are the payment terms for buying ‘SANCHI’?
A. At our showrooms payment can be made through cash, credit cards / Demand draft.
A. The criterion for empanelment - supplier should be international supplier of repute, A member of London bullion Market Association, can supply bullion on consignment basis Contract made between MMTC Corporate office and supplier on long term basis. However, Imports is done by Regional offices(ROs)
Q. What is a medallion and what are its denominations?
A. Medallions are basically coins of gold and silver with artistic imprints or embossing. Medallions are used as souvenir gift items or collectibles since time immemorial. In India MMTC is the only company who is having in-house facility of both manufacturing and assaying of medallions in the organized sector. Medallions are available of both gold and Silver variety in various weights ranging from half gm to kg bars. Both silver and gold medallions are of purity/ fineness 0.999 and 0.9999.
Q. Can we place customized order for medallions?
A. Bulk/ corporate orders can be placed with customized requirements in terms of design.
Q. I want to know more about MMTC exhibitions?
A. MMTC is one of the agencies nominated by Ministry of Commerce to conduct overseas Jewellery exhibitions for the promotion of Indian Jewellery. It also holds domestic exhibitions round the year.
Q. How can we participate in the exhibitions?
A. Time to time MMTC conducts exhibitions at various locations of world/India. Please contact MMTC corporate office for details. Click for contact details
Q. What is criterion for empanelment as a supplier for bullion?