Is Gullak app gold leasing a good investment option?

Deal Newbie

Thinking to buy and lease digital gold from gullak app. But not sure if the 11% return is guaranteed. Min. Investment also seems higher.

Is it worth it also considering gst and tds?

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Deal Lieutenant Deal Lieutenant
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Don't use such apps

Deal Cadet Deal Cadet
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You would be risking your entire investment (gold purchase value) for an additional spread of 2.5% .. 5% (offered by gulak) minus 2.5% (offered by SGBs - 100% safe)

You can refer to this for details -

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