Namoh Gold — Refinery

Unlike retail jewelry, which includes making charges and GST (Goods and Services Tax) of 3% + 5% (total 18% on making), Namoh gold bars are priced based on the Live International Spot Price + Refining Margin + GST (3%).

Because Namoh operates at scale, their margin is typically 0.5% to 1% over spot, making them one of the most competitive B2B suppliers in Northern India. For real-time rates, jewelers subscribe to the Namoh daily SMS/WhatsApp rate card, which updates at 10:30 AM and 4:00 PM IST daily. namoh gold refinery

India is one of the largest consumers of gold globally, demanding a robust refining infrastructure to process imported dore (semi-pure gold) and recycled scrap. Namoh Arti Pvt. Ltd., commonly referred to as Namoh Gold Refinery, is a key player based in Ahmedabad, Gujarat. The refinery has emerged as a significant contributor to the supply chain, bridging the gap between raw gold supply and the demand from jewelers and investors. This paper explores the refinery's business model and its adaptation to modern regulatory standards such as the Bureau of Indian Standards (BIS) hallmarking. Unlike retail jewelry, which includes making charges and

To understand the position of Namoh Gold Refinery, one must view it against the backdrop of the Indian gold refining sector: India is one of the largest consumers of

The leadership at Namoh Gold Refinery is not resting on their laurels. The next phase of growth includes:

To reach the coveted 99.99% (four nines) purity, Namoh uses the Wohlwill process. The 99.5% gold acts as an anode; it is dissolved in a hydrochloric acid and gold chloride solution. Pure gold is deposited on a cathode, leaving behind silver and other metals. The result? Gold that is chemically 999.9 parts per thousand pure.