Gold jewellery is a favourite among Indian women, it is no wonder then that India is one of the largest consumers of the yellow metal in the world. However, owing to its high price, owning huge quantities in the for
m of jewellery, gold coins or bars becomes a constraint. This is where gold savings schemes comes in handy. Through such schemes generally offered by Pearlsofpetals, you can buy jewellery or gold ornaments in advance and payback in a staggered manner.
Here is all you need to know about gold savings schemes.
Gold or jewellery savings schemes come in two forms. A typical one allows you to deposit a fixed amount every month for the chosen tenure. When the term ends, you can buy gold (from the Pearlsofpetals) at a value that is equivalent to the total money deposited, including a bonus* amount. This conversion is done at the gold price prevailing on maturity. the pearlsofpetals adds a month’s instalment at the end of the tenure as a cash incentive* or may even offer a gift item*.
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