Know about MMTC: India's Premier bullion trader
By FnF Desk | PUBLISHED: 05, Jul 2012, 17:49 pm IST | UPDATED: 06, Jul 2012, 20:04 pm IST
MMTC Limited, (A Govt. of India Enterprise) is India’s Premier bullion trader, handling more than 185 MTs of Gold & 690 MTs of Silver during 2009-10. The Precious Metals Division has consistently contributed considerable proportion of the total turnover of the Company.
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.
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. MMTC is also the custodian for import & export of precious cargo at SEEPZ, SEZ Mumbai.
The company also operates an in-house assaying and hallmarking unit at New Delhi, Jaipur, Ahmedabad and Kolkatta for testing purity of gold and gold articles duly accredited with Bureau of Indian Standards.
MMTC 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.
MMTC has retail jewellery & its own branded Sterling Silverware (Sanchi) showrooms in all the major metro cities of India. MMTC also supplies branded hallmarked gold and studded jewellery.