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Muthoot Exim (P) Ltd., the precious metals division of the 139-year-old Muthoot Pappachan Group (Muthoot Blue), proudly announces the grand opening of its newest Gold Point Centre at Muthoot Gold Point, Malaisoodi Complex, 2nd Floor, No. 222/3, Palayamkottai Road, Opp. AVM Hospital, Thoothukudi, Tamil Nadu – 628003. This marks the company's 116th Muthoot Gold Point branch in India and 20th branch in Tamil Nadu.
The new Gold Point Centre aims to make transparent, scientific and responsible gold recycling more accessible to customers in and around Thoothukudi. The Thoothukudi Gold Point Centre will enable customers to sell their old and used gold in a safe, reliable and hassle-free manner. Muthoot Gold Point Centres are widely recognised for their commitment to transparency, allowing customers to witness the entire valuation process while receiving fair and accurate value for their gold. Instant cash payments are provided for gold valued up to ₹10,000, while higher amounts are processed through IMPS, NEFT or RTGS, ensuring a smooth and secure transaction experience.
Commenting on the expansion, Thomas Muthoot, Executive Director, Muthoot Pappachan Group & Managing Director, Muthoot Exim, said, “Tamil Nadu continues to be one of our strongest markets, reflecting a deep-rooted affinity towards gold and increasing awareness of organised gold recycling. The launch of our 20th Muthoot Gold Point branch in the state and 116th overall is another significant milestone in our expansion journey. Through our new centre in Thoothukudi, we aim to make transparent and scientific gold recycling services more accessible while helping customers unlock the value of their idle gold in a secure and trusted environment.”
Keyur Shah, CEO, Muthoot Exim, added, “Thoothukudi is an important port city with a vibrant commercial ecosystem and a long-standing culture of gold ownership. With the opening of our new Gold Point Centre, we are strengthening our presence in Tamil Nadu and bringing organised gold recycling services closer to customers in the region. We remain committed to providing transparent valuations, seamless service and a convenient customer experience while promoting the responsible circulation of gold within the economy.”
Muthoot Exim Pvt. Ltd. (MEPL) has been at the forefront of innovation in the precious metals market. As the first organised player to launch a gold recycling centre in India, MEPL has continuously set benchmarks in the industry. Since the opening of its first Gold Point Centre in Coimbatore in 2014, the company has expanded to major cities including Mumbai, Bengaluru, Chennai, Ernakulam, Trivandrum, Delhi NCR, Kolkata, Hyderabad, Hubballi, Nagpur, Barasat, Tirunelveli, Guntur, Warangal, Davangere, Bhubaneswar, Kalaburagi, Thrissur, Lucknow, Mohali, Vellore, Faridabad, Kozhikode, Trichy, Belagavi, Serampore, Mathura, Secunderabad, Patna, Sonipat, Raipur, Khammam, Thanjavur and several other key markets across the country.
In Tamil Nadu, Muthoot Gold Point Centres are present across major cities including Chennai, Coimbatore, Tirunelveli, Trichy, Vellore, Thanjavur and now Thoothukudi, taking the company's presence in the state to 20 branches.