With a retail network of over 355 outlets across 13 countries, Malabar Gold & Diamonds (MGD), the sixth largest jewellery retailer globally, has unveiled their gold rate protection offer, providing customers the opportunity to block the prevailing gold rates by paying 10% as an advance.
Customers can block the gold rate until October 29 by paying 10% as an advance, a statement said. 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 QR10,000 needs to pay QR1,000 to avail the advance booking offer and in turn get protected from the increasing gold rates, it was explained.
Customers can also avail a complimentary diamond voucher for first advance bookings made on or before October 10. The 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.
“The Pay 10% advance offer that we unveil in the run up to festive season is one of our most awaited and utilised offers," said Shamlal Ahamed, managing director - International Operations, MGD.
"With the constant fluctuations in gold rate that the market has been witnessing for the last several months, customers have the opportunity to buy their favourite jewellery for the festive season while being assured of the best prices.
"To date, more than 300,000 customers have benefitted from this offer to get ahold of their festive adornments regardless of the gold rate fluctuations. The advance facility being available in our mobile app is another added advantage, making transactions convenient and secure”, he added.
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 MGD, the statement added.
