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.
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.
Here is how you can sell old 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:
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 ChennaiWe ensure that you get the current rate and value for your gold.
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.
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:
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.
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.
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.
Rather than using the lowest price for the day, the current market price is used to value the gold.
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.
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.
Over 4,200 Branches across India
133+ years of legacy
Over 24,000 employees serving millions of customer
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
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
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
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
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
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
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.
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.
If you want to sell gold for cash in Chennai at Muthoot Gold Point, you would need to present any of the following documents-
You are also requested to carry your invoice or bill of the jewellery, though it is not mandatory.
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.
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).
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.
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.
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.
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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