| MMTC’s Precious Metals Division is in to a range of activities covering imports, exports and domestic retail trade. It helps in promoting exports from India by holding exclusive foreign exhibitions of gold and studded jewellery at chosen overseas locations. Export activity is also augmented through MMTC’s four exclusive jewellery Duty Free Shops located at the Departure Lounges of the International Airports at Mumbai, Chennai and Thiruvananthapuram. The company supplies gold and studded jewellery as per international standards to these duty-free shops.
MMTC is an authorized agency of the Government of India for import of gold, silver, platinum, palladium, rough diamonds, emeralds, rubies and other semi-precious stones and supplies these items to jewellers in India for domestic sales and exports. It is one of the custodians of the Diamond Plaza Customs Clearance Center in Mumbai.
The company also operates an in-house assaying and hallmarking unit at New Delhi for testing purity of gold. MMTC has received Bureau of Indian Standards (BIS) certification for its assaying and hallmarking unit at Jhandewalan, New Delhi. MMTC also has a unit in New Delhi for manufacturing its own brand of gold and silver medallions since the year 1996. Customized requirements for corporate/institutional orders are serviced from here throughout the year. In the year 1999 the company launched sale of Sterling Silverware of 92.5% purity under the brand name “SANCHI” in the domestic market, which has been a tremendous success. Plans are afoot to launch this range of “SANCHI” silverware for exports as well.
The company also operates an in-house assaying and hallmarking unit at New Delhi for testing purity of gold. MMTC has received Bureau of Indian Standards (BIS) certification for its assaying and hallmarking unit at Jhandewalan, New Delhi. MMTC also has a unit in New Delhi for manufacturing its own brand of gold and silver medallions since the year 1996. Customized requirements for corporate/institutional orders are serviced from here throughout the year. In the year 1999 the company launched sale of Sterling Silverware of 92.5% purity under the brand name “SANCHI” in the domestic market, which has been a tremendous success. Plans are afoot to launch this range of “SANCHI” silverware for exports as well.
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