Due to the Corona virus crisis, many people are currently facing shortage of cash. One of the easiest ways to overcome this cash shortage is gold. A large number of people are currently taking out gold kept in their homes. They are cashing it in cash or going towards gold loans. This is the reason that the demand for gold loan has increased these days.
Taking advantage of this opportunity, bullion refiner companies MMTC-PAMP have launched a buyback and exchange offer for gold with the aim of helping to overcome the economic troubles of those affected by the pandemic. This offer has launched on Saturday.
The bullion refiner said that under this offer sellers can get the maximum price of gold in the form of direct bank transfer or gold bars of 9999, 999 and 995 purity at a nominal transaction fee. MMTC-PAMP said that the offer has just started at its Lajpat Nagar Center in Delhi and soon the facility will be expanded across the country.
MMTC-PAMP says that sellers can get a better price for their gold in this offer, as they use better technology for purity verification. In this technique, the exact value of the customer's gold is found out in an hour. According to MMTC-PAMP, they use the XRF technique to find the purity of gold.
According to the company, she checks for a minimum of ten grams of gold. After checking the purity of the gold, customers can redeem the gold in cash and get the amount in their account by direct benefit transfer or they can take advantage of the exchange offer as their 9999, 999 or 995 purity gold bar Gold can be withdrawn. According to the company, bank transfer is available only in Delhi. For this, information about PAN card, Aadhar card and cancellation check has to be provided.