News

Precious Metals Key DriversExtraordinary situation:When we published our yearly Precious Metals Forecast in January of this year, like many, we did not anticipate the widespread effect of the Covid-19 pandemic. For several weeks, the world came to a near standstill and the impact on the world economies globally will be considerable. Although we do not usually adjust our yearly forecast, we believe it is justifiable as it will better reflect the current extraordinary situation and its impact...

MKS PAMP GROUP would like to provide some insights relating to the effect of COVID-19 on its activities. 6th April 2020 PAMP has been authorized by the Ticino Council to continue their operations. Due to our stringent measures in place to proactively safeguard our employees and community and in full compliance with the local Government requirements, we will continue our activity with less than 50 per cent of our processing capacity. The temporary closure of PAMP has had a...

This year, the World Economic Forum (WEF) Annual Meeting in Davos-Klosters, Switzerland welcomed over 3,000 participants from across industries and geographies for its 50th edition. To coincide with this golden anniversary, a new Davos Manifesto was launched with the purpose of guiding companies through the fourth industrial revolution whilst strengthening, “stakeholder capitalism”.As our 10th  year attending the WEF Annual Meeting, Marwan Shakarchi, CEO at MKS (Switzerland)...

MKS (Switzerland) SA, part of the MKS PAMP GROUP, is proud to announce the launch of an innovative digital gold product called DGLD, with 20M $ in gold digitized, making it the largest gold token on the market to date.DGLD is a digital asset, or token, representing allocated physical gold stored in a Swiss vault and tokenized with a side-chain built on the Bitcoin network. Best understood as a digital proof of ownership of allocated gold, DGLD leverages the power and immutability of the...

As a Group, we are pleased to announce the launch of our official online retailer. Gold Avenue, a golden opportunity to purchase and store precious metals online. Starting today, there is a simpler way to purchase gold, silver, platinum, and palladium products online. Gold Avenue, makes it easy to buy, sell, and store precious metals at any time, from any device. Gold Avenue will be rolled out carefully, focusing on France and Switzerland as the initial target markets. All signs point to a...

Royal Mint Bullion celebrates signing of newest global distributor with exclusive Royal Mint ‘first’ Britannia Tenth Ounce Bullion Platinum Coin.The Royal Mint’s Bullion division is celebrating its partnership with US-based global distributor Manfra, Tordella and Brookes (MTB) with the launch of a Royal Mint ‘first’ - the classic Britannia design struck for the first time on a tenth ounce bullion platinum coin, which will be available exclusively through MTB...

Mr. JIAO Jinpu, Chairman of SGE (SHANGHAI GOLD EXCHANGE), visited MKS and PAMP last month after attending the LBMA conference in Barcelona. A delegation led by Mr. JIAO Jinpu, Chairman of SGE attended the LBMA/LPPM precious metals conference 2017 in Barcelona and then visited Switzerland to forge closer international cooperation. During the LBMA annual conference, the SGE delegation, together with delegates from China Gold Association (CGA) were invited to the China Summit. Mr. JIAO...

Enoch Yiu for The South China Morning Post highlighted PAMP's craftsmanship and dedication to the Chinese market in a column. "BOCHK has commissioned three sizes of gold bar to mark the occasion. The heaviest is 1kg, which will go on sale from next month, while the two smaller sized ones have been available since April. The Swiss gold refiner responsible for minting the Bank of China (Hong Kong) centenary gold bar is already busy on its next Chinese order – bars with...

Paytm, India’s largest mobile payment & commerce platform, has partnered with MMTC-PAMP, an MKS PAMP GROUP company, to launch Digital Gold. Digital Gold enables users to buy, store, sell and resell pure gold online instantly, as well as get it delivered to their home in the form of minted coins.Speaking on the launch, Vijay Shekhar Sharma, Founder & CEO – Paytm said, “Gold is the preferred form of investment for Indians, and we are making it easier for our users to...

Swiss-based gold trader MKS (Switzerland) SA has picked up first-place rankings from the Shanghai Gold Exchange (SGE), having been named the top gold trader and best international performer on the Chinese gold market in 2016.The names of the best international traders on the Chinese gold market last year were announced on Monday in Shanghai, during a ceremony held at the Bund Hotel that brought together influential players from Asian financial markets.MKS won twice in the Shanghai Gold...

MMTC-PAMP India Pvt. Ltd. once again received the Best Refinery Award 2015-16 at the India International Gold Convention held at Agra from 11th to 14th August. The award recognizes our stellar contribution in attaining global standards for the Indian refining sector.The IIGC is an apt platform for the bullion industry to deliberate on various challenges facing the industry. The event brought out all these current issues in the form of presentations, round table discussions, panel...

On the 19th of April 2016, the SGE held the “China Gold Market Summit Forum 2016”. This forum aimed at strengthening the integration and healthy development of global gold markets, and further promoting the internationalization of China’s gold market. Marwan Shakarchi, Chairman of the MKS PAMP GROUP, recently appointed as an international consultant to the SGE, was part of a panel of attendees.Intervewed by Thomson Reuters, Marwan explains that "China does things in...

On April 19th 2016, a year and half after its birth in September 2014, Shanghai Gold Exchange (SGE) introduced the first yuan-denominated gold benchmark price in the world. MKS (Switzerland) SA took part in the benchmark as reference price member.Pan Gongsheng, Deputy Governor of the People’s Bank of China, Zhao Wen, Vice Mayor of Shanghai Municipal Government and over 300 delegates from World Gold Council, The Silver Institute, World Platinum Investment Council, major domestic and...

MMTC-PAMP laboratory receives accreditation for ISO 17025:2005 from National Accreditation Board for Testing and Calibration Laboratories (NABL), Government of India. This prestigious technical accreditation is awarded after a stringent independant evaluation of the technical ability of the laboratory and of its competency. MMTC-PAMP becomes the only refiner in India to hold simultaneously LBMA as well as NABL certification.

MMTC-PAMP received a special award from The Royal Mint at the 2015 Annual Supplier Awards. The prestigious annual event recognises excellence in supplier contribution and highlights the involvement of individuals and companies across the globe. As part of The Royal Mint's 'Supplier Development Programme', the ceremony celebrates suppliers 'who have contributed to helping The Royal Mint build a robust Supply Chain infrastructure for the future'.Read the press release

For the third consecutive  time, MMTC- PAMP received the coveted recognition of “Bullion Refiner of the Year”. The award is a recognition of the contribution by the company in attaining global standards for the Indian refining industry. MMTC-PAMP is playing a  pivotal role in transforming precious metals refining in India, key to  positioning India at the heart of the international bullion markets. 

In June 2015, HRW released a report on Child Labour and Corporate Responsibility in Ghana’s artisanal Gold mines, highlighting the power held by gold refiners in the supply chain to help promote strong standards and eradicate child labour in gold mining. PAMP’s robust due diligence process and thorough checks on its supply chain were cited as an example for the industry in this report. Read the full Human Rights Watch report

The winner of London Bullion Market Association’s 2014 Precious Metals Forecast is the analyst who predicts the average, high and low price for the year ahead in each metal as accurately as possible. MKS Switzerland SA’s Frederic Panizzutti won the Gold competition with a forecast of $1,262/oz against the actual 2014 average of $1,267/oz. Read the article

The launch ceremony of the Shanghai Gold Exchange International Board was held on the evening of September 18. At the ceremony, the first transactions of the International Board were concluded by MKS (Switzerland) SA, HSBC, BOC, ICBC and BOCOM, marking a substantial step forward in China’s opening of the gold market. Read the official SGE press release Watch the Youtube

PAMP gained the accreditation of “Good Delivery” from the Shanghai Gold Exchange (SGE), a non-profit self-regulatory organisation. Founded by the People's Bank of China, SGE trades in gold, silver, platinum and other precious metals. See the certificate