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Malabar Gold scheme to protect against rising prices

In the wake of surging gold prices, Indian jewelry retailer Malabar Gold & Diamonds has launched a scheme that allows customers to buy gold at the best price.

Under the Gold Rate Protection Scheme, buyers will be able to protect their favorite jewelry piece against the increasing gold rate by paying only 10 percent of the entire amount of the jewelry item and reserving it.

The remaining amount can be paid later.

According to the retailer, the scheme has been designed in such a way that customers will not be affected by the increasing gold rates.

If the gold price increases at the time of purchase, customers will be able to avail the booked rate, and in case the gold price drops, they will be able to benefit from the reduced rate. For example, if a customer intends to buy a jewelry item worth SR10,000 ($2,665), then all they have to do is to pay 10 percent of the amount — SR1,000 — to book the item and avail the offer.

This offer is valid until April 30 across all Malabar Gold & Diamonds stores in the GCC, Malaysia, Singapore and the US. Courtesy - Arab News

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