Today’s Gold Rate

22 carat Gold - 2722

1 gm Silver - 39.50

Gold Coin Scheme

Save in the form of gold. Choose to buy 2, 4 or 8 grams for a period of 18 months. We’ll give you bonus gold in the 19th month with which you can buy the jewellery or silverware of your choice. 

 

Investment per month What you get after 18 months          

BONUS

         
2 gram gold coin (¼ sovereign)

Get 22 grams

No making charges (no value addition up to 16% on plain gold jewellery)

7% discount on diamonds up to 0.25cts.

4 gram gold coin (½ sovereign)

Get 44 grams

8 gram gold coin (1 sovereign)

Get 88 grams

 

 

Terms & Conditions

  • No wastage (VA)(up to 16%).
  • No making charges on  plain gold jewellery ( except nakas items,Odiyyannam,Vankis,Recollection etc).
  • 7% discount on diamonds up to 0.25cts.
  • VAT will be borne by the customers.
  • Monthly payments towards the purchase of gold (2 gm, 4 gm or 8 gm), should be made on or before the 6th of each month and payments must be made regularly every month.
  • The gold rate as announced by the Madras Jewellers and Diamond Merchants’ Association on the date of each monthly payment will be applicable. 
  • The Gold Savings Scheme REGISTER CARD must be carefully maintained and presented at the time of making each payment so the necessary entries can be made in the card, without which the payments made under the scheme may not be recognised.
  • Payments can be made in cash or via RTGS or by a/c payee cheque or demand draft. 
  • No reminder will be sent for the monthly payment of the installments. 
  • In case of death of the applicant, all the rights will be transferred to the nominee mentioned in the application form.
  • Mehta Jewellery reserves the right to alter, amend, add to, or revoke the terms and conditions of this scheme without notice.  
  • In case any monthly payment is delayed beyond the 7th of the month, the date of maturity will be postponed by 1 month for each delay.
  • If you cancel / withdraw from the scheme before the date of maturity you will receive the gold jewellery for the value of invested gold, without availing any of the discounts offered above.
  • 30 days after the date of payment of the last installment, all the gold invested in, under the scheme can be exchanged for gold jewellery,diamond jewellery, silverware availing discounts detailed above. Making charges, stone charges and value addition, etc. exceeding the discounts offered will be payable as applicable.
  • Coins/bullion cannot be purchased under this plan.
  • The benefits offered under this scheme cannot be combined with any other offer or discount.
  • The decision of the Management of Mehta Jewellery shall be final and binding with respect to the scheme. 
  • All disputes are subject to the  jurisdiction of the competent court in Chennai, India.
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