mangotruths

Simple, everyday truths and tips

Buy jewellery of your choice without wastage or making charges!

After analysing many gold savings schemes offered by jewellers, we reached the following conclusion:

GRT Jewellers Golden Seed Scheme is the best available currently for purchasing jewellery of your choice without paying exorbitant wastage and making charges.

Benefits:

  • The monthly instalment is converted into equivalent weight in gold
  • At the end of the period you can purchase jewellery or coins for the accumulated weight of gold from any GRT Showroom
  • You get the advantage of averaging out of the gold price
  • You can make your fixed monthly investment anytime during the month
  • Upto 18% wastage (value addition) charge is waived off on your purchase upto your accumulated weight
  • Zero making charge
  • VAT is borne by GRT Jewellers

Example:

  1. The cost of 1g of 22 carat gold is Rs.3000 on 2Nov12 and you start your investment on that day
  2. In 15 months, gold price has fluctuated between 2800 to 3200 and you have accumulated 15 grams in January 2014
  3. You can purchase jewellery for 15 grams with upto 18% wastage and you won’t have to pay any charges
  4. If your purchase is more than 15grams, e.g. 20grams, you need to pay 18% wastage for the extra weight i.e. 5grams
  5. If your ornament weighs 20grams and has a wastage higher than 18%, e.g. 22% , then you have to pay 4% wastage on 15g and 22% wastage on the extra weight viz 5grams

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This entry was posted on October 31, 2012 by and tagged , , , , , .

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