Please tell me more about the monthly gold savings schemes run by retailers like Tanishq.
-Ram Avatar
The gold savings schemes offered by gold retailers are a way to save and accumulate in order to buy jewellery at a future date. This makes it effectively an EMI in reverse. Some of the gold retailers also offer 10 per cent discounts that turn into some earnings while you save to exchange with jewellery at a later time. If you wish to go for such a scheme, choose a retailer whom you trust.
This article was originally published on May 02, 2012.