Is it the right time to buy gold? MMTC-PAMP CEO reveals

MMTC-PAMP, a joint venture between Switzerland-based bullion brand, PAMP SA, and MMTC Ltd, a Government of India undertaking, is one of Asia's largest refineries, importing gold and silver ore from over 20 mines globally. Vikas Singh, MD and CEO of MMTC-PAMP in conversation with Business Today talks about the comprehensive bouquet of physical and digital gold it offers to consumers. 

Our entire communication with the customer is that not only are you getting the purest goal, but we are also the only ones with a four-nine purity which basically means 99.99 per cent. You know the world outside is lesser, some of them claim more and offer even lesser. So, it's not only the purity, which is the highest, but also the safety which is the highest.

Moreover, we are fully insured so that if, God forbid, something happens everything is completely secured. We also have a trustee. And so again from an audit point of view, we maintain all the hygiene that is required for accounting and middle management. We will keep building on these credentials. 

BT: Gold is traditionally considered a hedge against inflation. But currently, its prices are down despite high inflation. What’s the reason?

Vikas Singh: There are two things. In the last two years with COVID-19, all management theories have gone out of the window. See, the fact of the matter is, you've had huge quantitative easing that has happened in the last two and a half years to boost up the global economy. I don't think anyone could have ever imagined the inflation rates in the US and UK. And the Fed and other central banks have progressively across the world been taking up interest rates. And for that reason, there has been a capital movement from traditional investments or traditional markets, to these markets. 

It is really a function of larger market movements. It is not a function of sentiments. So I would just say that for categories like precious metals, gold, and silver, it is always good to try and see it over a long-term horizon because this is not something that you trade with.

If you are looking for the most trustworthy Gold buyer in Delhi then Cash Your Jewellery is the best option for you. Our experts work in transparency ethics to add value to their benefits. A few aspects that enable Cash For Gold to emerge as the leader includes our certification for Quality, price transparency, resale liquidity, tradability parameters, and expert guidance.

Addition Information:

• • The Web Designing Company is known as the best Web development company in India.

  • Do you know that Online Promotion House is known for supplying the best Online promotion services for your business?

  • SEO is very important for every type of businessman if you want to grow your business and looking for the best SEO services then an online promotion house is the best option for you