Muthoot Exim to nearly double Gold Point outlets to 200, target 3 tonnes recycled in 2 years

Muthoot Exim plans to mobilise 3 tonnes of gold worth ₹4,500 crore through recycling over the next two years, expanding its Gold Point footprint from 109 to 200 outlets with a push into smaller cities. The move rides surging gold prices, a 15% import duty, and rising household monetisation, with 40% repeat customers across a 55,000-strong base.

— Source publishedThu, 28 May, 2026, 19:08 IST·First seen Thu, 28 May, 2026, 19:19 IST·Source The Hindu BusinessLine

What happened

Muthoot Exim plans to mobilise 3 tonnes of gold worth ₹4,500 crore for recycling over two years, expanding Gold Point centres to 200 from 109, targeting smaller

Key facts

  • 3 tonnes
  • ₹4,500 crore
  • 200 outlets
  • 109 outlets
  • 1 tonne
  • ₹1,500 crore
  • 600 kgs
  • 50 new outlets
  • 5 tonnes recycled
  • 55,000 customers
  • 40% repeat
  • 3% service charge
  • 15% import duty

Why this matters

The smaller-city expansion creates a clear window for refinery tie-ups, white-label recycling partnerships, or bolt-on acquisitions of regional gold-buying chains before the 200-outlet footprint hardens.