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Malabar Gold offers gold rate protection scheme
July 1, 2020 | 3:51 PM
by Times News Service
Photo: Supplied
 
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Muscat: Gold continues to reaffirm its prominence as an investment, asset and adornment even during the unprecedented situation we continue to face globally.

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 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 per cent advance for their favourite jewellery and benefit from increasing gold rate for 30 days from the date of booking, protecting themselves from the increase in gold rate during this period. If gold rate increases at the time of purchase, customers can avail the booked rate and if it reduces they can still draw mileage of the reduced rate i.e. a customer intending to buy gold worth OMR1,000 just needs to pay OMR100 to avail the advance booking offer and in turn get protected from the increasing gold rates.

Another highlight of this campaign is that customers also have an option to pay 100 per cent advance and block the gold rate for 180 days from the date of booking. This offer will be valid until September 30 across all Malabar Gold & Diamonds stores in Oman, UAE, Qatar, Bahrain, KSA and Malaysia.



“Gold prices typically rise at times of uncertainty as it is considered as the safe haven by investors across the globe. Hence, this scheme has been designed in such a way that our customers are not affected by the increase in gold rates, by providing them with an option to block the rate, by either paying just 10 per cent or 100 per cent of the value, and get gold rate protection for 30 days and 180 days respectively. The main attractiveness of this campaign is that the customer always getsthe benefit of lower gold rate, during purchase,” said Najeeb K, Regional Head – Oman, Malabar Gold & Diamonds.

Gold being a reliable investment is one of the intrinsic reasons for people buying gold jewellery while also serving as an adornment. It is the ease to liquidate the metal for cash without losing much value during these difficult times that further increases its dependability. While all other assets like currency, oil, stock markets, real estate etc. have steeply declined in value, gold has appreciated 30-35 per cent in the last one year. This consistent performance of gold as an appreciating and moveable asset has led to individuals with excess cash reserves beginning to acquire gold. Being the only investment to offer all these benefits, while also being a prestigious lifestyle article, gold jewellery is expected to attract new buyers in the immediate future.



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