Do gold jewellery schemes really benefit buyers?
Most jewellery schemes offered by jewellers have many conditions. These include conditions wherein the customer has to buy gold jewellery the next year using the amount accumulated in the gold scheme in the previous year. Another common condition is that the amount in the gold scheme cannot be used to buy gold coins and bars.
Most of the jewellery schemes also don’t allow you to carry forward your savings or withdraw them. The idea behind these jewellery schemes is to increase jewellery sales. So, most of them are designed to benefit the jewellery store rather than the customer. If you are going for a jewellery scheme, look at all the terms and conditions before signing up. If you want to invest in gold, you can consider gold coins and bars. To check gold rates, click here - https://www.bankbazaar.com/gold-rate-india.html.