Hyderabad: Muthoot Exim Pvt Ltd opened its 103rd Gold Point centre in Chanda Nagar, expanding its gold recycling network in Telangana and strengthening its presence in Hyderabad.
The new facility, branded as Muthoot Gold Point, is located at Prabhakar Plaza in Chanda Nagar. It marks the company’s 10th branch in Telangana and seventh in Hyderabad. The centre aims to improve access to structured and transparent gold recycling services for local residents.
Customers can sell old and used gold through a process that allows them to observe valuation in real time. The company stated that it follows scientific assessment methods to ensure fair pricing. Payments of up to Rs 10,000 are made instantly in cash, while higher amounts are transferred through banking channels such as IMPS, NEFT or RTGS.
Muthoot Gold Point Chanda Nagar expansion strengthens recycling access
Thomas Muthoot said Hyderabad has a long-standing cultural and economic association with gold. He added that the new centre would support the growing demand for organised gold recycling while helping customers monetise unused assets responsibly.
Keyur Shah said Chanda Nagar has emerged as a key residential and commercial hub. He noted that the new branch would bring transparent gold evaluation services closer to customers and promote responsible recycling within the domestic gold supply chain.
Muthoot Exim, part of the Muthoot Pappachan Group, launched its first Gold Point centre in Coimbatore in 2014. Since then, it has expanded across major cities including Mumbai, Bengaluru, Chennai, Delhi NCR, Kolkata and Hyderabad.
The company said it continues to focus on innovation in the precious metals sector by offering structured, reliable and customer-focused gold recycling services across India.
