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Discounts, Cashbacks and Free offers on gold purchase
Posted on: 17/Oct/2017 1:17:36 PM
For Indians, buying gold is one of the ways to celebrate special, auspicious occasions like Diwali or Dhanteras. As the government is now amending its order to produce PAN and Aadhar for gold purchase beyond Rs 50,000, this Diwali may have more people thronging in to buy the yellow metal without any second thought.
Well, if you are personally of the same kind who have the urge to buy gold, here are some deals that may entice you even more, and still doesn’t want you to shell out too much on buying gold.
Amazon gold coins
Thinking to buy gold as coins? If so, you need to check out e-tailer Amazon. On gold coins, the e-tailer is offering up to 10 percent discount, thus making it even grander. Leading brands including Joyalukas, Malabar, Bluestone, Senco Gold, Gadgil Jewelers, Kama Jewelry, and MMTC-PAMP are taking place in the offer. The purity level ranges from 22 kt to 24 kt, and available as 1 to 50 gram coins.
Paytm gold
On minimum purchase of Rs 10,000 during this festive season, under Paytm Diwali Gold Sale, Paytm offers additional 3 percent discount on gold. To avail this, apply the promo code GOLDFEST.
For gold sales, Paytm has joined hands with MMTC-PAMP for 24 karat gold. Furthermore, on Paytm, you can buy gold for as low as Re 1. For new buyers on the platform, Paytm gives out up to 2 percent discount for purchase made below Rs 10,000. For this, as well, you need to enter the promo code. There is also assured bonus gold for those who purchase gold for worth above Rs 50.
Sovereign gold bonds
Here is the third tranche of sovereign gold bond scheme. This will be available till 27th December where investment of up to 1 gm gold will be allowed. When purchased online, you can obtain up to Rs 50 per gram as discount. Apart from the appreciation in price of the metal, users also get 2.5 percent interest per annum.
Furthermore, you can save up to 3 percent GST on gold, and enjoy tax exemption out of the capital gains after period of 8 years – the maximum tenure, according Union Budget 2016-17. Similar to physical gold, these bonds can also be used as collateral to obtain loan and they don’t incur any cost of storage or handling.
Jewelers
A lot of leading jewelers have tied up with banks to provide cashback offers to customers. When you hold HDFC credit card, you will be eligible for up to 5 percent cashback when bought with Tanishq or Mia.
When you buy gold from Malabar gold and diamonds for a minimum of Rs 25,000, you will be eligible for up to 5 percent cashback on SBI credit card. There is free gold coin given to purchase made beyond Rs 25,000 with Kalyan jewelers.
If you are buying diamond, uncut and precious stone jewelry, you can be eligible for 2 free gold coins.
