Which is the best gold purchase scheme ?

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Deal Newbie
ashketchup64468
I am looking for the best gold purchase monlty scheme.
Currently I'm investing in R.s brothers monthly scheme where there is is no making charges or Vat on purchase.
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Deal Captain Deal Captain
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Depositing cash monthly to avoid wastage and making charges, doesn't help much in my opinion, unless you don't have the amount and have to save monthly for the purchase .

There is another kind of scheme, where you deposit gold for 11 months and after that. You can get an ornament made without those charges. Seems a bit better.

The best is SGB or Gold bar obviously, if it is investment only purpose. If jewellery is required, be prepared to lose atleast 20% value the moment you bought.

Deal Subedar Deal Subedar
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Neversaynever wrote:

Depositing cash monthly to avoid wastage and making charges, doesn't help much in my opinion, unless you don't have the amount and have to save monthly for the purchase .

There is another kind of scheme, where you deposit gold for 11 months and after that. You can get an ornament made without those charges. Seems a bit better.

The best is SGB or Gold bar obviously, if it is investment only purpose. If jewellery is required, be prepared to lose atleast 20% value the moment you bought.

What's your view on gold etf or mf, which are more liquid but don't give interest like sgb

Deal Newbie Deal Newbie
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Neversaynever wrote:

Depositing cash monthly to avoid wastage and making charges, doesn't help much in my opinion, unless you don't have the amount and have to save monthly for the purchase .

There is another kind of scheme, where you deposit gold for 11 months and after that. You can get an ornament made without those charges. Seems a bit better.

The best is SGB or Gold bar obviously, if it is investment only purpose. If jewellery is required, be prepared to lose atleast 20% value the moment you bought.

It's a scheme where you they deposit gold in ur account each month for that price, so few gms each month , at end of 11 months u can buy ornament with all that gold accumulated with out any charges except GST.  didn't get ur  point of llosing 20% value  point? 

Deal Newbie Deal Newbie
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btw my question is for best scheme to buy gold ornaments , I don't want to invest in gold.

Deal Captain Deal Captain
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legend101 wrote:

What's your view on gold etf or mf, which are more liquid but don't give interest like sgb

I'm a market noob bro
Deal Captain Deal Captain
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ashketchup64468 wrote:

It's a scheme where you they deposit gold in ur account each month for that price, so few gms each month , at end of 11 months u can buy ornament with all that gold accumulated with out any charges except GST.  didn't get ur  point of llosing 20% value  point? 

I'm talking in resale(investment) point of view, jewellery is 22K and 3% GST, so if resold it will lose value. If you are keeping it as an ornament it's fine.
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