RJ Market Watch
Pay 10% advance and benefit from increasing gold rate at Malabar Gold & Diamonds
Doha: In the wake of rising gold prices, Malabar Gold & Diamonds, one among the largest jewellery retailers globally with a strong retail network of over 250 outlets spread across 10 countries, is providing customers with the Gold Rate Protection Scheme, a unique opportunity to buy gold, be it for personal use or as an investment, at the best rates.
Customers can just pay 10 percent advance for their favorite jewellery and get benefits from increasing Gold Rate and protect themselves from the increase in gold rate. If gold rate increases at the time of purchase, customers can avail the booked rate and incase it reduces they can still draw mileage of the reduced rate i.e. a customer intending to buy gold worth QR10,000 just needs to pay QR1000 to avail the advance booking offer and in turn get protected from the increasing gold rates.
As per the management team of Malabar Gold & Diamonds, this scheme has been designed in such a way that customers are not affected by the increasing gold rates. This offer will be valid until 30th April across all Malabar Gold & Diamonds stores in GCC, Malaysia, Singapore and USA.
It is always beneficial to buy gold from GCC considering the significant difference in price when compared to India. When a customer spends 183.00 in Qatar for 1 gm of gold, the equivalent value in India is INR 3880 i.e. QR198, giving them a benefit of QR15 .00 per gram. Yesterday, gold was priced at a rate of QR183.00 per gram compared to the rate of QR154.00 on 28th February 2019 which is an increase of QR29.00 per gram. Considering that gold is a convenient investment assuring safe returns even for middle class, there is an increase in people deciding to invest in this metal.
Courtesy: PENINSULAQATAR
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