Q. I want to know about MMTC - Precious Metals Division.
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 colour stones. This division is running Duty free jewellery showrooms at Mumbai, Chennai and Thiruvananthpuram International Airports. Besides this division has also launched Silverware products with Brand name - 'Sanchi'. The product range is known for its purity, design and high quality.
Q. Where are the MMTC offices located, Whom do I contact ?
A. We have various regional and sub-regional offices spread all over India. See table.
Q. How do I buy gold, silver, platinum, palladium, medallions, Sanchi from MMTC ?
A. Please see the schemes of buyers. Link to import schemes
Q. What is hallmarking ?
A. Hallmarking is the accurate determination 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 confirms to national/ international standards of fineness of purity.
A hallmark is a stamped mark on gold/ silver objects guaranteeing that the metal confirms 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 ?
A. The charges are nominal, depending on the item under consideration.
Q. What is 'SANCHI' ?
A. Sanchi is MMTC's brand of Silverware specifically introduced for quality conscious consumer. The silverware is pure in content and the designs are simple yet elegant and appeal to the tastes of discerning consumer. |
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Q. How can I choose a Sanchi product and place an order ?
A. Please visit our Scope /JJC showrooms or collect a brochure highlighting some of the products under SANCHI brand.
This can also be obtained from any of our regional offices.
Q. What are the payment terms for buying 'SANCHI' ?
A. Preference is for cash sales, however, at our showrooms payment through credit cards / DDs are also accepted.
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 weight such as 2gm, 5gm, 10gm and 20gm biscuits. Both silver and gold medallions are of purity/ fineness 0.999.
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 exhibition for the promotion of Indian Jewellery. Link to overseas exhibitions
Q. How can we participate in the exhibitions ?
A. Time to time MMTC conducts exhibitions at various locations of world. Please contact MMTC corporate office for details. Link to contact of DGM-Exhibitions
Q. How do I take Jewellery and Sanchi - silverware for my family and friends abroad ?
A. MMTC has made special efforts to make available high quality jewellery, Sanchi silverware and other premium products at the departure lounge of India's leading international airports, namely, Mumbai, Chennai and Thiruvananthapuram. The jewellery available at these shops are as per the international standards and comprise of studded jewellery (diamond and semi precious colored stones), platinum jewellery and other assortments.
Please visit our showroom for a memorable Indian experience.
Q. Where are MMTC's duty free shops located ?
Ans. See link for MMTC's duty free shops .
Q. How do I sell Gold, Silver, Platinum, Palladium or rough stones to MMTC?
Ans. Please contact MMTC's corporate office for details. Click
Q.What is criterion for empanelment as a supplier for bullion?
Ans. 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(R.O.s)
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