Malabar Gold & Diamonds, the sixth largest jewellery retailer globally, is providing customers with the best opportunity to invest in gold, through the 10% advance booking option, a statement said on Wednesday.
The brand has announced this offer as part of the upcoming festive season, through which, customers can pay 10% advance for their favourite jewellery and block the gold rate until April 23.
If gold rate increases at the time of purchase, customers can avail the blocked rate and if it reduces they can still draw mileage of the reduced rate. A customer intending to buy gold jewellery worth QR1,000 needs to pay QR100 to avail the advance booking offer and in turn get protected from the increasing gold rates.
This offer will be valid across all Malabar Gold & Diamonds showrooms. Customers can either pay the advance directly at the outlet or online, via Malabar Gold & Diamonds’ mobile app.
“Even though gold has retained its status as a safe haven investment, the constant fluctuation in prices can cause doubts amongst potential customers. With the gold rate protection offer, customers can be assured that they can reap the benefits of the fluctuating gold rates, regardless of whether it goes up or down. This is also a golden opportunity for customers looking to buy their favourite jewellery in light of the festive season that is fast approaching,” commented Shamlal Ahamed, managing director-international operations, Malabar Gold & Diamonds.
In addition to the 10% advance option, customers can also pay 50% and 100% of the amount as advance to get gold rate protection for 90 days and 180 days, respectively. This option will be available to customers throughout the year across all stores of Malabar Gold & Diamonds.
