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Sell Your Old Gold in Chennai For Instant Cash

The need to sell gold in Chennai may arise because of several reasons. You may need the money for a medical emergency, or you may want to convert your gold asset into a home. Whichever the case may be, we understand the need to offer quick and efficient cash for gold services in Chennai.

The process is instant, and you can trust us to provide you with the best rates.

Purity Checking Process of Gold at Muthoot Gold Point

Muthoot Gold Point conducts the entire process of cleaning, valuation and melting the gold in front of you.

Unlike traditional jewellers, who use a touchstone for gold valuation, multiple scientific testing is conducted to know the accurate value of your gold. Advanced machines like the XRF machines are used to clean the gold, so you get the highest value. These purity test machines clean your gold for free and check for its accurate weight and purity. If the gold that is being sold isn’t clean, then it can impact its overall valuation.

How to Sell Old Gold Jewelry for Cash in Chennai?

Here is how you can sell old gold in Chennai:

  • Visit your nearest Muthoot Gold Point branch. We are renowned as the most trustworthy, old gold buyers in Chennai.
  • Our customer care executive will clean and weigh the gold in front of you.
  • Our gold purity tests are done by the ultrasonic machines while weighing of the gold (in grams) is up to 3 decimal points.
  • The current gold price is used to calculate the value of your gold.
  • Once you agree to the value, amount of up to Rs. 10,000 is paid instantly. For amounts higher than Rs. 10,000, the amount is transferred to your bank account via NEFT, IMPS or RT.

Documents Required for Selling Gold in Chennai

When looking to sell gold in Chennai, many new and old buyers who will ask for receipts. But, we understand that your gold may be a family heirloom or something you brought from a local jeweller without an invoice or bill. When you walk into a Muthoot Gold Point Chennai branch to sell gold, you will get the highest possible value for your gold.

It is important to keep the following documents ready for selling gold:

  • Bill/Invoice: A credible seller will always ask you to produce the invoice. The purity of the gold will be specifically mentioned in the invoice.
  • ID Proof: You can furnish your PAN Card
  • Address Proof: Driver’s Licence, Passport or Electricity/Gas/Telephone bill can be submitted as proof of address
  • Gold Rate in Chennai

    Gold Rate in Chennai keeps fluctuating daily. Therefore, before planning to sell gold in Chennai it is important to figure out the current gold price.

    When you walk into the nearest Muthoot Gold Point branch, you will get the following:

    Today 24 carat gold rate in Chennai

    Today 22 carat gold rate in Chennai

    Today gold rate in Chennai

    We ensure that you get the current rate and value for your gold.

    What are the things to consider before Selling Gold in Chennai?

    Before selling gold in Chennai, it is important to find out about:

    The gold rates. It is important to know the ‘today gold rate in Chennai’ when you want to sell the gold. You should also be aware of the rate for 24 and 22 carat gold.

    The reputation of the buyer. A reputed buyer will offer you trustworthy and efficient services. At Muthoot Gold Point, we use high-quality crucibles which do not retain gold when it is melted, ensuring you are getting value for every gram.

    Methods used to value the gold. Make sure the buyer is using multilevel scientific processes to clean, weigh and melt the gold.

    Why Should You Choose Muthoot Gold Point to Sell Gold in Chennai?

    If you are planning to sell gold in Chennai, then Muthoot Gold Point is the name to trust. We are amongst the leading gold buyers in Chennai. Here are some reasons for the same:

    • Leading and credible brand name

    Muthoot Gold Point is a part of Muthoot Exim which is the precious metals business arm of Muthoot Pappachan Group. The Muthoot Pappachan Group has been in business since 1887 and it is built on a bedrock of trust. It has earned tremendous credibility and respect over several decades.

    • Use of advanced technology

    Muthoot Gold Point uses advanced XRF machines to check the value, weight and purity of gold. World class crucibles are used to melt the gold. These crucibles don’t retain any gold after melting process is complete.

    • Practice Transparency

    Muthoot Gold Point uses ultrasonic machines to clean the gold in front of the customer. Thus customers are assured that there isn’t any malpractice involved in valuing the gold.

    • Customer-friendly pricing standards

    Rather than using the lowest price for the day, the current market price is used to value the gold.

    • Cash is disbursed immediately

    If the amount to be paid is less than Rs 10000, the cash is immediately handed over the customer. Otherwise, amount is instantly transferred to the customer’s bank account via NEFT, IMPS or RT.

    Muthoot Gold Point Logo

    The Muthoot Pappachan Group, with a reputation that has been shaped over decades with high quality practices, total customer satisfaction and steady growth, spanning decades in the field of business, is a legacy built on God-given values of trust, truth, transparency and tradition and has become one of the top business houses today by the grace of God.

    More then 4,200 Branches across India

    Over 4,200 Branches across India

    132 + years of Legacy

    133+ years of legacy

    Over 24,000 Employees Serving Millions of Customer

    Over 24,000 employees serving millions of customer

    Walk in of over 1,00,000 Customers Per Day

    Walk in of over 1,00,000 customers per day

    My mother and I have sold some very old gold over the past few months to three different organizations. One was a branch of an old established famous Jeweller in Mumbai while two were only buyers of gold. Of these, our experience with Muthoot Gold Point has been by far the best. We were impres.. read more

    SACHIN JONEJA

    Vijay Sharma Testimonial on Muthoot Gold Point

    I wanted to sell some gold jewellery to pay for the construction of my house – my contractor had cheated us. I saw the MGP advertisement on a government bus and decided to meet them as I was in great need. My earlier experience of selling the gold had not been good. But, the salesperson at MGP sat.. read more

    Basvaraju

    I can never forget Muthoot Gold Point. If I had not come to know about MGP at the right time, I could have lost everything. In family and business, money is tight, when you need it the most. At these times, if there is a provision to sell your gold, plot of land, house and silver, then you can mee.. read more

    Srinarayan

    I was looking to pay the last year’s fee for my eldest son’s engineering college, I did not have enough money. My wife asked me to sell all our gold jewellery and coins we had collected over the years. I went to some local jewellers and was shocked – they offered less than half of the value of the.. read more

    Vijay Sharma

    Amar Singh Testimonial on Muthoot Gold Point

    When my father needed an emergency by-pass, I took all the jewellery and sold gold for cash, I had to MGP, straight away. I had dealt with them earlier also. The first time I took a loan was from them to set up my parlor four years ago. Luckily, i was able to repay the money and get my gold back. .. read more

    AMAR SINGH

    Frequently Asked Questions


    How to Sell Your Old Gold to Get Cash Instantly in Chennai?

    Gold buyers in Chennai can sell their gold by visiting the gold point. Customers have to give their gold for valuation. In this process, gold is first cleaned and then evaluated in front of the customers

    Can I Sell my Gold Rings and Chains to Gold Buyer in Chennai?

    Customers can sell physical gold by visiting an old gold buyer jewellery store, an accredited gold recycler, or cash for gold shops. It is advisable to do thorough research about gold prices and trends.

    How does Muthoot Gold Point determine the Price of Old Gold Ornaments in Chennai?

    One can get cash for gold in Chennai by visiting Muthoot gold point. The price of the gold jewellery, ornaments, bars or biscuits will be based on the purity, weight and market rate.

    Do I Need to Submit any Document to Sell gold in Chennai?

    If you want to sell gold for cash in Chennai at Muthoot Gold Point, you would need to present any of the following documents-

    • Passport
    • Driving /license
    • Voter ID/ Election ID
    • Aadhaar Card

    You are also requested to carry your invoice or bill of the jewellery, though it is not mandatory.

    How Gold Buyers in Chennai to Check the Purity of Gold Ornaments?

    Gold buyers in Chennai can check the purity of gold with the help of carat. It is mostly categorised in 24, 22, 18, 14 and 10 Karats. A 24-karat gold is the purest, and there is no alloy mixed in it.

    How is the gold price calculated in Chennai?

    Gold rates in Chennai can be calculated as the price of (24 or 18 carat gold) * (weight in grams) + making charges + GST at 3% on (making charges + price of jewellery).

    Where do I sell gold jewellery in Chennai?

    Customers can sell their gold in Chennai by visiting Muthoot Gold Point. A genuine buyer will always ask you for a bill or invoice though it is not mandatory. The cost will be evaluated based on the purity of gold.

    Do I Need to Visit Muthoot Branch to Sell gold in Chennai?

    The process of selling gold is quick and easy. Old gold buyers usually take a lot of time to complete gold evaluation. In the Muthoot Blue branch, you can sell your gold online at best rates.

    Can I Sell my Gold Without Bill at Muthoot Gold Point in Chennai?

    It is preferred that you get an invoice or bill when you want to sell gold in Chennai. However, we also understand that it may not be possible in some cases.

    Can I Get Money Transferred to My Account Instead of Cash for Gold in Chennai?

    Yes, one can get their money transferred into their bank accounts. One can also get cash for gold in Chennai if the total amount is less than Rs. 10,000 any amount more than that is transferred directly into a bank account.

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      Muthoot Gold Point Branch Locations

      Visit Any of Our Branches to Sell Your Gold for Instant Cash

      • Ahmedabad
      • Bangalore
      • Berhampur
      • Chennai
      • Coimbatore
      • Delhi
      • Ernakulam
      • Kolkata
      • Madurai
      • Mumbai
      • Trichy
      • Vijayawada

      Ahmedabad

      Sell Gold in Ahmedabad at Muthoot Gold Point

      4701 Vishal Commercial Centre Beside Jyoti Sangh Building, Opp. Axis Bank,
      Patharkuva, Relief Road, Ahmedabad Gujarat 380001 India Phone: 079-26442112

      Bangalore

      Sell Gold for Cash in Bangalore at Muthoot Gold Point

      No. 14, Sri Ramula Arcade, Jewellers Street, Near Commercial Street Police Station,
      Bengaluru - 560001, Tel: 804-2351234

      Chennai

      Cash for Gold in Chennai at Muthoot Gold Point

      First Floor,Door No:214/9,Madley Road, Opp.T Nagar Bus Stand,
      T Nagar, Chennai, Tamil Nadu- 600017, Tel: +9144- 24366336

      Coimbatore

      Cash for Gold in Coimbatore at Muthoot Gold Point

      Ground Floor, Door No 323, NTR Complex, Raja Street,
      Coimbatore, Tamil Nadu 641001. Tel: +91422 2381234

      Madurai

      Sell Gold for Cash in Madurai at Muthoot Gold Point

      Ground Floor, Door No.27 A, Thottian Kinatru Street,
      Opposite Maravar Chavadi Pillaiyar Kovil Madurai Tamil Nadu 625001 India Phone: 0452-2350500

      Mumbai

      Sell Gold for Cash in Mumbai at Muthoot Gold Point

      To schedule a visit at your doorstep, please call us on given phone numbers -

      Phone: 7356534111/7034431122
      Email: mumbaimobilemgp@muthootexim.com

      Trichy

      Sell Gold in Trichy at Muthoot Gold Point

      1st Floor, Old No.25, New No.5 Opposite Axis bank Rock Fort Branch,
      Chinnakadai Street Trichy Tamil Nadu 620002 India Phone: 0431-2702200

      Delhi

      Cash for Gold in Delhi at Muthoot Gold Point

      Ground Floor, Shop No.5, Plot No – 2652/53,Stuti Building, Bank Street,
      Karol Bagh, Delhi 110005 Tel: +91 11 45539686

      Kolkata

      Sell Gold for Cash in Kolkata at Muthoot Gold Point

      Ground floor, 43 Ashutosh Mukherjee Road, Bhowanipur, Kolkata-700025,
      Near Netaji Bhavan Metro Station. Tel: +91-33-24868222, E-mail: bhowanipur@muthootexim.com

      Vijayawada

      Sell Gold in Vijayawada at Muthoot Gold Point

      Ground floor, Door No–27-14-59, Rajagopalachari Street ( East), Governorpet,
      Vijayawada – 520002, Andhra Pradesh. Tel: 0866-2973535

      Ernakulam

      Sell Gold in Ernakulam at Muthoot Gold Point

      Door No. 66/5410, First Floor, AVS , Building, M.G.Road, Near metro pillar no. 662
      Ernakulam Kerala 682035 India Phone: 0484 4862677 Email: ernakulam@muthootexim.com

      Berhampur

      Cash for Gold in Berhampur at Muthoot Gold Point

      Anand Bazar Complex , Near Punjab National Bank,Sano Bazar Berhampur,
      Ganjam Odisha 760002 India Phone: 0680-2251771