Malabar Gold & Diamonds launches 10% advance offer for festive season in Qatar

Shamlal Ahamed, Managing Director of International Operations at Malabar Gold & Diamonds, noted that over 300,000 customers have already taken advantage of the offer

Doha: Malabar Gold & Diamonds, the sixth-largest jewellery retailer globally with over 355 outlets across 13 countries, has introduced an enticing ‘Pay 10% Advance’ offer to help customers secure gold rates during the festive season. This initiative allows customers to block current gold prices by paying just 10% of the total amount as an advance. 

The offer is designed to protect customers from fluctuations in gold prices, making it a timely solution as many prepare for jewellery purchases in the lead-up to the holidays. Customers can lock in the prevailing gold rate until October 29 by making a minimal advance payment. If gold prices rise, they benefit from the locked rate; if prices fall, they can take advantage of the lower rate. 

For instance, a customer looking to buy jewellery worth QR10,000 would only need to pay QR1,000 to secure the advance booking. Additionally, those who make their first advance booking by October 10, 2024, will receive a complimentary diamond voucher. 

Shamlal Ahamed, Managing Director of International Operations at Malabar Gold & Diamonds, noted that over 300,000 customers have already taken advantage of this offer, which is also accessible via the company’s mobile app for added convenience and security. 

The festive season is an ideal time for customers to shop for their favourite jewellery without worrying about price fluctuations. Gold not only serves as a popular adornment but is also considered a reliable investment, providing liquidity during challenging times. 

Beyond the 10% advance option, customers have the flexibility to pay 50% or 100% of the amount as an advance to secure gold rate protection for 90 or 180 days, respectively. This offer will be available year-round at all Malabar Gold & Diamonds locations, making it easier for customers to shop confidently. 
 
Retail Jeweller ME News