MMTC-PAMP, a London Bullion Market Association (LBMA) Good Delivery gold and silver refiner, has launched an organised buyback offering for silver coins, bars and jewellery. MMTC-PAMP plans to offer this service at select retail stores across India.
MMTC-PAMP, which operates 17 stores for the recycling of gold in India, aims to extend its buyback offering for silver across these centres.
In the first phase of the launch of the project, MMTC-PAMP will commence silver recycling at select exclusive brand stores / purity verification stores in Kolkata, Bhubaneswar, Guwahati, Ludhiana, Ahmedabad, Mumbai and New Delhi.
The company plans to expand this service across all its stores across India in the next fiscal year.
Quoting Samit Guha, Managing Director and CEO of MMTC-PAMP, a media statement said Indian households collectively hold approximately 35,000 tonnes of gold and much more silver. While the silver mine production capacity, globally, is not expanding significantly, the demand for the white metal seems to be growing at a much faster rate.
Availing the offer
“Given the current scenario, we expect recycled silver tol play a key role in meeting the current supply-demand gap,” Guha said.
To avail MMTC-PAMP’s silver buyback process, consumers can visit the company’s Purity Verification Centre and verify their silver products. The bars, coins and jewellery will be melted and then tested under XRF technology, the industry standard for precise purity, under security surveillance. After the necessary documentation for refining and buyback is completed, the silver will be valued based on the best market buyback rate and an instant payout will be initiated to the customer’s designated bank account, the statement said.
Published on April 8, 2026