Latest news with #MMTC-PAMP
Observer
6 days ago
- Business
- Observer
Digital silver: An emerging investment option
THE investment landscape is evolving. There are many investment options available, including bank deposits, mutual funds, stocks, bonds, debentures, government securities, chits, commodities, real estate, and cryptocurrencies. Ideally, one needs to have a combination of at least a few of these to maximize the return, considering their risk tolerance and financial objectives. Investment in gold and silver is considered safe and secure, in addition to being highly liquid. Investing in gold and silver can hedge against inflation and, hence, can be a prudent investment during turbulent times. There are risks associated with physical investment in these, like purity, safe custody, damage and other related expenses. Digital gold and digital silver are modern and convenient ways to invest in gold and silver without the need for physical storage. As said earlier, digital silver is an excellent investment option for portfolio diversification. It is worth noting that over the past few years, silver has outperformed gold. While investing in virtual gold is good, investing in virtual silver is emerging, and it is considered an undervalued investment. Like gold, silver is also a rare commodity, and unlike gold, silver is widely used in the industrial sector. Silver is a crucial component of solar panels, electric vehicles, and smart grid technology. Its demand is expected to increase. Currently, silver is trading at $38 per troy ounce in the international market and may cross $42. Price may go up further in the medium to long-term horizon, and a double-digit return is expected. HOW TO BUY DIGI SILVER There are different ways to buy silver in virtual form. When you buy virtual silver, you own real, high-purity (24 carat- 99.99 purity) silver, which is securely stored in insured vaults. Under this method, silver can be bought in small quantities at your convenience. There is no risk associated with the purity or physical storage. You can buy silver in demat form through various platforms and instruments. The following are a couple of popular means of buying digital silver. ONLINE PLATFORMS Various banks, fintech companies, and investment firms offer the facility of purchasing virtual silver. You can easily do an online registration with them and start investing. This is flexible and convenient. The investment size can be very small. Under this, the silver purchased in digital form can be redeemed in physical silver, cash, or ornaments/coins/bars/utensils, or a combination of all of these. In India, MMTC-PAMP (A joint venture of MMTC, a Govt of India undertaking versus PAMP, and a Swedish bullion brand) offers this facility. A large number of other fintech companies are also offering the buying and selling of digital silver. SILVER ETFS Silver ETFs (Exchange Traded Funds) are another option to invest in digital silver. A demat account is required for this purpose. A large number of ETFs are available. The ETFs can be bought and sold easily through the stock exchanges. Here, the investment can be redeemed only in cash and not in physical form. Silver ETFs track the spot price of silver in the open market and the Net Asset Value (NAV) changes accordingly. The London Bullion Market Association (LBMA) mandated 99.99 per cent purity of silver and kept in a safe vault as backing. Investment in digital silver is not about substituting other investments. It should find a place in your investment basket as part of a portfolio diversification. Considering features of silver, such as its rarity, industrial usage, and undervaluation, investing in silver in electronic form can earn a robust return on your investment. The interest rates of fixed-income securities are coming down due to the reduction of key policy rates by central banks. In this context, investing in commodities like digital gold and digital silver may be considered as an alternative.
Business Standard
21-07-2025
- Business
- Business Standard
Divine Blessings in Silver: MMTC-PAMP Launches 99.99%+ Silver Char Dham 20gm Coin Series Honouring India's Spiritual Compass
NewsVoir New Delhi [India], July 21: Honouring the cultural and spiritual significance of the Char Dham Yatra, MMTC- PAMP, India's only LBMA accredited Good Delivery Gold & Silver refiner and recognised as the purest precious metal brand in Asia and India, has launched a set of four (20 gram each) purest silver coins paying homage to India's most revered pilgrimage destinations - Badrinath, Dwarka, Puri, and Rameswaram. Each 20-gram coin in this exclusive set is crafted from 99.99%+ purest silver, ensuring the highest purity standards while celebrating the architectural grandeur and spiritual significance of these four sacred sites. Additionally, each coin captures the unique mythological significance and distinct architectural essence of the respective pilgrimage site, making this collection a comprehensive tribute to India's spiritual geography. Speaking about the launch of the Char Dham collection, Mr Samit Guha, Interim CEO and CFTO of MMTC- PAMP, said, "Our Char Dham collection is a uniquely crafted tribute to the four holiest pilgrimage sites of India, spread across four corners - Badrinath in the north, Dwarka in the west, Puri in the east, and Rameswaram in the south. Each of the four coins in this set celebrates one of the Char Dhams, capturing the spiritual, cultural significance, architectural marvel, and the beautiful landscape. Each piece in this collection tells a centuries-old story of devotion, connecting contemporary collectors with India's timeless spiritual heritage through the finest Swiss craftsmanship." Embodying centuries of devotion and mythology, the colour-embossed Char Dham collection is more than just precious metals. These coins represent the spiritual journey, or yugas, of India, encompassing the Char Dham across the country, as espoused by the 8th-century Vedic scholar and philosopher Shri Adi Shankaracharya. MMTC-PAMP's Char Dham Collection offers an exceptional value proposition for collectors who appreciate quality craftsmanship and purity. This collection is ideal for spiritual customers looking to celebrate the auspiciousness of these pilgrimage sites for religious occasions, festivals, and ceremonial celebrations. Furthermore, investors benefit from a precious metal investment that combines cultural and historical significance with Swiss-quality manufacturing, ensuring premium collectable status and potential appreciation due to limited availability and deep thematic relevance. The Char Dham pilgrimage is considered a spiritual journey, cleansing the soul and deepening connection with the divine. The Char Dham collection by MMTC-PAMP is a tribute to this sentiment offering the purest silver with a commitment to showcase India's deep rooted cultural, civilizational values and celebrating the test of endurance and faith through these coins. Every product created by MMTC-PAMP goes through a rigorous purification process to ensure 999.9+ (99.99%+) the purity of the metal. To validate the authenticity, every MMTC-PAMP product carries a unique number and comes packaged in Assayer Certified Minted Cards. Each gold and silver product bought from MMTC-PAMP offers positive weight tolerance, which guarantees that every coin or bar one buys weighs more than the listed weight, ensuring customers receive the highest value for their investment. MMTC-PAMP products are available at their exclusive stores, leading jeweller partners, online marketplaces such as Amazon and Flipkart, or directly from MMTC-PAMP's own website, A joint venture between Switzerland-based bullion refinery, PAMP SA, and MMTC Ltd., a Miniratna and Government of India Undertaking. MMTC-PAMP is the only LBMA-accredited gold & silver good delivery refiner in India and is accepted across global commodity exchanges and central banks. The company seamlessly marries Swiss excellence with Indian insights. MMTC-PAMP India Pvt. Ltd. is internationally recognized as an industry leader in bringing global standards of excellence to the Indian precious metals industry. MMTC-PAMP has received several awards since its inception from local and global industry bodies for Refining, Brand and Sustainability. Notably, MMTC-PAMP is India's First Precious Metals Company to have Science-based Emissions Reduction Targets Approved by SBTI. Recognized by the Asia and India Book of Records, MMTC-PAMP is acclaimed as the country's only brand providing the purest gold and silver coins and bars with 99.99%+ purity levels and positive weight tolerance to consumers. Adding to its laurels, MMTC-PAMP was honoured as India's Most Trusted Brand of the Nation at The Brand Story- Indian Brand and Leadership Conclave & Awards, 2024.
Fashion Value Chain
21-07-2025
- Business
- Fashion Value Chain
Divine Blessings in Silver: MMTC-PAMP Launches 99.99%+ Silver Char Dham 20gm Coin Series Honouring India's Spiritual Compass
Aesthetically created with the Finest Swiss Craftsmanship, each coin celebrates one of the Char Dham and its significance The colourful coins weigh 20 grams each and are made from 99.99%+ purest silver, making them ideal for collectors, gifting and spiritually inclined customers Honouring the cultural and spiritual significance of the Char Dham Yatra, MMTC- PAMP, Indias only LBMA accredited Good Delivery Gold & Silver refiner and recognised as the purest precious metal brand in Asia and India, has launched a set of four (20 gram each) purest silver coins paying homage to Indias most revered pilgrimage destinations – Badrinath, Dwarka, Puri, and Rameswaram. MMTC-PAMP Launches 99.99%+ Silver Char Dham 20gm Coin Series Each 20-gram coin in this exclusive set is crafted from 99.99%+ purest silver, ensuring the highest purity standards while celebrating the architectural grandeur and spiritual significance of these four sacred sites. Additionally, each coin captures the unique mythological significance and distinct architectural essence of the respective pilgrimage site, making this collection a comprehensive tribute to Indias spiritual geography. Speaking about the launch of the Char Dham collection, Mr Samit Guha, Interim CEO and CFTO of MMTC- PAMP, said, 'Our Char Dham collection is a uniquely crafted tribute to the four holiest pilgrimage sites of India, spread across four corners – Badrinath in the north, Dwarka in the west, Puri in the east, and Rameswaram in the south. Each of the four coins in this set celebrates one of the Char Dhams, capturing the spiritual, cultural significance, architectural marvel, and the beautiful landscape. Each piece in this collection tells a centuries-old story of devotion, connecting contemporary collectors with Indias timeless spiritual heritage through the finest Swiss craftsmanship.' Embodying centuries of devotion and mythology, the colour-embossed Char Dham collection is more than just precious metals. These coins represent the spiritual journey, or yugas, of India, encompassing the Char Dham across the country, as espoused by the 8th-century Vedic scholar and philosopher Shri Adi Shankaracharya. MMTC-PAMP's Char Dham Collection offers an exceptional value proposition for collectors who appreciate quality craftsmanship and purity. This collection is ideal for spiritual customers looking to celebrate the auspiciousness of these pilgrimage sites for religious occasions, festivals, and ceremonial celebrations. Furthermore, investors benefit from a precious metal investment that combines cultural and historical significance with Swiss-quality manufacturing, ensuring premium collectable status and potential appreciation due to limited availability and deep thematic relevance. The Char Dham pilgrimage is considered a spiritual journey, cleansing the soul and deepening connection with the divine. The Char Dham collection by MMTC-PAMP is a tribute to this sentiment offering the purest silver with a commitment to showcase India's deep rooted cultural, civilizational values and celebrating the test of endurance and faith through these coins. Every product created by MMTC-PAMP goes through a rigorous purification process to ensure 999.9+ (99.99%+) the purity of the metal. To validate the authenticity, every MMTC-PAMP product carries a unique number and comes packaged in Assayer Certified Minted Cards. Each gold and silver product bought from MMTC-PAMP offers positive weight tolerance, which guarantees that every coin or bar one buys weighs more than the listed weight, ensuring customers receive the highest value for their investment. MMTC-PAMP products are available at their exclusive stores, leading jeweller partners, online marketplaces such as Amazon and Flipkart, or directly from MMTC-PAMP's own website, About MMTC-PAMP A joint venture between Switzerland-based bullion refinery, PAMP SA, and MMTC Ltd., a Miniratna and Government of India Undertaking. MMTC-PAMP is the only LBMA-accredited gold & silver good delivery refiner in India and is accepted across global commodity exchanges and central banks. The company seamlessly marries Swiss excellence with Indian insights. MMTC-PAMP India Pvt. Ltd. is internationally recognized as an industry leader in bringing global standards of excellence to the Indian precious metals industry. MMTC-PAMP has received several awards since its inception from local and global industry bodies for Refining, Brand and Sustainability. Notably, MMTC-PAMP is Indias First Precious Metals Company to have Science-based Emissions Reduction Targets Approved by SBTI. Recognized by the Asia and India Book of Records, MMTC-PAMP is acclaimed as the country's only brand providing the purest gold and silver coins and bars with 99.99%+ purity levels and positive weight tolerance to consumers. Adding to its laurels, MMTC-PAMP was honoured as India's Most Trusted Brand of the Nation at The Brand Story- Indian Brand and Leadership Conclave & Awards, 2024.
Time of India
14-07-2025
- Business
- Time of India
Gold trading platform Augmont set to file for Rs 1,000 crore IPO
Augmont, a digital gold trading platform, is planning to file a draft red herring prospectus (DRHP) with market regulator SEBI by the end of this month to raise around Rs 1,000 crore through its initial public offering (IPO), said people familiar with the matter . The proposed offering will be a mix of fresh share issue and offer for sale by existing shareholders, said a source familiar with the matter. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Experience next-level CPAP comfort with Resmed AirSense 11 ResMed Buy Now Undo In response to an email query, Augmont's CEO Ketan Kothari said, 'Every growing company explores several funding options.' JM Financial , Nuvama and Motilal Oswal are the book-running lead managers for the issue, the people said. These firmsdid not respond to email queries. Augmont's businesses range from refining and bullion trading to digital gold, gold loans, and investible jewellery. It also runs technology platforms for bullion trading and serves retail, corporate, and banking clients online and offline. Live Events Augmont's competitor in refining and minted products is MMTC-PAMP, a joint venture between MMTC and Swiss firm PAMP SA. SafeGold and MMTC-PAMP are key rivals in digital gold.
Mint
01-05-2025
- Business
- Mint
India's Akshaya Tritiya gold buying subdued by near-record prices
New Delhi: Akshaya Tritiya, a spring festival in India, is an auspicious day for new beginnings, investments, and charity, believed to ensure enduring prosperity. Buying gold is a common practice on this day. However, consumers refrained from high-value gold purchases on Wednesday, deterred by steep prices of the precious metal. Still, they opted for token purchases such as gold and silver coins as a form of investment, apart from picking up daily wear ornaments, retailers said. Despite extended store hours, walk-in customers were few, denting volume growth this year. 'Many first-time buyers entered the market, primarily driven by the investment opportunity, with prediction of gold prices rising further. However, demand was muted in the higher-denomination category due to the high price of gold. Consumers adapted their purchasing behaviour: opting for lower denomination or preferring to move to silver, while some waited for prices to stabilise,' Samit Guha, chief financial and technology officer of MMTC-PAMP that sells gold and silver coins and bars. MMTC-PAMP is a joint venture between India's state-run MMTC Ltd, and Swiss-based bullion brand PAMP SA. Guha said silver saw a huge increase in demand, with volumes more than doubling over the previous year. "Regarding jewellery purchases, consumers opted for smaller, lightweight pieces, prioritising daily wear but at a higher value. Furthermore, there has been a notable surge in the purchase of gold ETFs and Digital Gold due to their low making charges and investment appeal. Overall, compared to last Akshaya Tritiya, we witnessed robust growth in silver for offline sales and exponential growth across our digital and e-commerce platforms." he said. After rallying since the start of the year and approaching the ₹ 100,000 per 10 gram-mark late last month, gold prices on India's Multi Commodity Exchange (MCX) have since retreated. Weaker international prices, driven by a stronger US dollar and easing trade tensions caused a drop of over ₹ 500 on Akshaya Tritiya on Wednesday, with prices settling near ₹ 95,000 per 10 grams. Consumers made small token purchases, although overall volumes declined year-on-year. 'Value-wise, there has been a growth of 20% but volume wise there has been a de-growth of 15% to 18% in gold purchases,' said Suvankar Sen, managing director and chief executive of Senco Gold Ltd, which operates 171 stores across the country. However, demand for diamond jewellery grew both in value and volume terms, he said. Overall, demand during Akshaya Tritiya was led by purchase of wedding jewellery and small token pieces. A recent surge in gold prices has prompted retailers to ramp up offerings to lure customers. Consumers, on the other hand, are either resorting to returning old gold or waiting for prices to cool. Gold continues to remain a draw for Indian households, with a large part of gold sales linked to weddings in the country. 'Despite the ongoing market volatility, consumer preferences leaned towards gold, particularly in the lightweight jewellery category, with notable traction in rings, earrings, pendants, and chains. The diamond category also saw good movement, especially within lightweight designs," Ramesh Kalyanaraman, executive director, Kalyan Jewellers. Gold coins continued to be a preferred choice among customers, alongside strong demand for silver—both in coins and artefacts, he said. The retailer operates over 250 stores in India. Rajesh Rokde, chairman, All India Gem and Jewellery Domestic Council, said the recent price fluctuations—peaking at ₹ 99,500 on 22 April, and now down to ₹ 95,000—have reinforced buyers' confidence in gold as a strong investment. 'Today, we observe two types of customers: those purchasing in the ₹ 50,000 to ₹ 5 lakh range, drawn to the festive rush, and high-value buyers investing ₹ 10–15 lakh, who plan and book their selections days in advance to buy during the muhurat. With the drop in gold prices, the number of customers has notably increased, contributing to an impressive total sales figure of Rs20,000 crore today. Furthermore, as the wedding season kicks off during Akshaya Tritiya, demand is expected to rise significantly in the coming days,' he said. Additionally, Rokde emphasized the increasing demand for lightweight jewellery. "There is a noticeable shift towards lightweight designs, particularly among younger buyers," he said. First Published: 1 May 2025, 07:51 PM IST
