Customers to benefit from increasing Gold Rate by just paying 10% advance at Malabar Gold & Diamonds

Muscat: ​In the wake of rising gold prices, Malabar Gold & Diamonds, one among the largest jewellery retailers globally with a strong retail network of over 250 outlets spread across 10 countries, is providing customers with the Gold Rate Protection Scheme, a unique opportunity to buy gold, be it for personal use or as an investment, at the best rates. Customers can just pay 10% advance for their favorite jewellery and get benefits from increasing Gold Rate and protect themselves from the increase in gold rate. If gold rate increases at the time of purchase, customers can avail the booked rate and incase it reduces they can still draw mileage of the reduced rate i.e. a customer intending to buy gold worth OMR 1000 just needs to pay OMR 100 to avail the advance booking offer and in turn get protected from the increasing gold rates. As per the management team of Malabar Gold & Diamonds, this scheme has been designed in such a way that customers are not affected by the increasing gold rates. This offer will be valid until 30th April across all Malabar Gold & Diamonds stores in GCC, Malaysia, Singapore and USA.

It is always beneficial to buy gold from GCC considering the significant difference in price when compared to India. When a customer spends OMR 20.100 in Oman for 1 gm of gold, the equivalent value in India is INR 4310 i.e. OMR 23, giving them a benefit of OMR 2.9 per gram. Yesterday, gold was priced at a rate of OMR 20.450 per gram compared to the rate of OMR 16.250 on 24th February 2019 which is an increase of OMR 4.200 per gram. Considering that gold is a convenient investment assuring safe returns even for middle class, there is an increase in people deciding to invest in this metal. Even amidst several other investment options often considered by salaried expats for higher returns not performing well, the fact that gold has not lost its sheen is a major advantage for the market.