Specifications
Indian Gold (MMTC-PAMP) at a glance
Composition
- Alloy
- Pure gold (99.99% fine)
- Color
- Brilliant 24k gold; Swiss-standard finish
- Thickness
- Varies by size
- Available weights
- 1 g, 2 g, 5 g, 8 g, 10 g, 20 g, 50 g, 1 oz
Provenance
- Issuing mint
- MMTC-PAMP →
- Mint location
- Mewat, Haryana, India
- First minted
- 2008
- Face value
- Minted coin / bar (no denomination)
- Legal tender
- No
- IRA eligible (US)
- Yes
Source: issuing mint specifications, cross-checked against published dealer and grading-service data.
The story
History
India is the second-largest gold-consuming nation on earth, yet for years it lacked a domestic refiner producing investment gold to international standards. That changed with MMTC-PAMP, founded in 2008 as a joint venture between India’s state trading corporation MMTC and Switzerland’s renowned PAMP refinery — India’s first and only LBMA "Good Delivery" accredited gold refiner.
MMTC-PAMP produces .9999 minted gold coins and bars across a wide range of small sizes, famous for designs tuned to Indian gifting culture: Lakshmi and Ganesh (deities of wealth and good fortune), the "Banknote" series echoing the Mahatma Gandhi rupee note, and seasonal Diwali and wedding pieces.
These bring Swiss-standard purity and assay security to a market where gold is bought constantly — for festivals, weddings and savings — by hundreds of millions of people.
- 2008 — MMTC-PAMP founded (MMTC + Switzerland’s PAMP)
- India’s only LBMA-accredited "Good Delivery" gold refiner
- Lakshmi, Ganesh and "Banknote" gifting designs
- .9999 minted coins and bars in many small sizes
The two faces
Design
Designs vary widely: the goddess Lakshmi or Lord Ganesh; a rose or Diwali motif; or the "Banknote" coin styled after the Mahatma Gandhi rupee note.
The MMTC-PAMP logo with the weight, .9999 fineness, and a unique assay/serial number; many pieces ship in tamper-evident assay-certified packaging.
Representative emblem — no freely-licensed photograph of the Indian Gold (MMTC-PAMP) is available, as its modern design is under mint copyright. The gold coin pictured is a generic Wise With Gold illustration, not the actual Indian Gold (MMTC-PAMP); the genuine obverse and reverse are described above.
Authentication & counterfeit watch
How to spot a genuine Indian Gold (MMTC-PAMP)
MMTC-PAMP pieces are sold in tamper-evident, assay-certified "CertiCard" packaging carrying a unique serial number — the primary authenticity guarantee, and the packaging should not be broken for resale. Each is .9999 fine and non-magnetic, with weight and fineness laser-marked. Verify the serial against the assay certificate, keep the sealed packaging intact, and buy from authorized dealers; the LBMA accreditation and PAMP relationship are the core trust signals.
Authentication guidance is general reference, not a substitute for professional verification. For high-value purchases, buy from reputable dealers and consider professional grading.
For the investor
Investment considerations
MMTC-PAMP coins bring internationally-accredited purity (.9999, LBMA Good Delivery) to the Indian market, with tamper-evident, assay-certified packaging that underpins resale confidence. They are widely used for festival and wedding gifting as well as investment.
On purity they meet the IRS standard, though as minted coins/bars custodian acceptance for IRAs varies — confirm first. Premiums reflect the fabrication and assay packaging; for the lowest cost per gram, larger bars beat small coins. Liquidity is excellent within India and good internationally given the PAMP pedigree.
Common questions
Indian Gold (MMTC-PAMP) FAQ
What is MMTC-PAMP?
India’s first and only LBMA-accredited gold refiner — a joint venture between India’s MMTC and Switzerland’s PAMP — producing .9999 minted coins and bars to international standards.
Should I keep the coin in its packaging?
Yes. MMTC-PAMP pieces come in tamper-evident assay-certified packaging with a unique serial number; keeping it sealed preserves both the authenticity guarantee and resale value.
Are these IRA-eligible?
On purity (.9999) they meet the standard, but as minted coins/bars custodian acceptance varies — confirm with your IRA provider before buying.