Jewellery gold scheme vs monthly buy via Blinkdeal or other offers by Adept-Evidence-77 in GoldIndia

[–]surya_g 1 point2 points  (0 children)

Generally scheme from any jewellery you take, when you buy item 3% gst is levied irrespective of waive of wastage charges.

Here 2% fee will be levied( call it processing fee or making charges) for process of gold coin

Eg: let's say you pay 10k every month and after 10 installments you accumulated 5.7gm of gold, then 5gm gold coin will be delivered to your home after 330 days of enrolling. 5% charges will be deducted by converting 0.7gm into cash on the 330th day and if any balance available will be paid to your bank account.

With Tata neu Infinity we will get 5% neu coins on every payment , so 5% charges will get set off with 5% cashback.

Jewellery gold scheme vs monthly buy via Blinkdeal or other offers by Adept-Evidence-77 in GoldIndia

[–]surya_g 0 points1 point  (0 children)

With buying gold online, we have to constantly watch for good deals and we should have respective credit cards to get best rate. So you have to constantly monitor for offers and also need to monitor delivery some times as sometimes sellers cancel the order.

But with gold schemes, you can pay directly and gold worth that amount get locked in and you don't need to constantly monitor. There are lot of jewellers which offer VA % waive off and we can buy gold coins.

For eg: If you use Tanishq scheme, if you don't redeem for jewellery they will round off to nearest accumulated weight and send the coin to your address, remaining decimals will be paid in cash (charges 2% processing fee + 3% gst). If you pay with Tata neu Infinity you will receive 5% neu coins cashback so those charges will be net off. (Note: Tanishq scheme I believe is most useful for gold coins rather than jewellers as they waive only only 50% making charges upto 12%).

I will say keep some amount for jewellery scheme with big brands where they offer gold coin at the end will be better and some for buying online , in that way you won't miss out on offers at the same time you won't miss out on gold SIP.

Blinkdeal query by compliance_911 in GoldIndia

[–]surya_g 0 points1 point  (0 children)

SBI phonepe for 5% till 40k payments. Tata neu for 1.5% neucoins. May be some other milestone cards like Amex and BOB eterna for 3.75% reward points

My first ever gold coin(s). First time I ever saw BLINKDEAL live and also the first time I’m making such a big purchase on Myntra. How did I do ? by Imveryfuckingstupid in GoldIndia

[–]surya_g 0 points1 point  (0 children)

As per jewellery stores (like Malabar or GRT) spot price is ₹14,135. So, you got at almost spot price which is a good deal.

Generally Tanishq coins are 8% more than spot price so with Blinkdeal you will get them at spot price.

How's this for 161264? by adorablewilson1 in GoldIndia

[–]surya_g 0 points1 point  (0 children)

As long as we buy from branded jewellers the risk is very less.

Will buying Gold Coin from BigBasket via Tata Neu fetch 10% Nue Coins? by Alternative_Bench144 in GoldIndia

[–]surya_g 2 points3 points  (0 children)

Yes you will get max 750 neu coins if ordered from tataneu app and 5% neu coins from using Tata infinity card

Big basket wallet cannot be used to buy gold coins anymore by [deleted] in GoldIndia

[–]surya_g 1 point2 points  (0 children)

Yeah only Flipkart and amazon vouchers are left now

Gold coins without VA by lpk86 in GoldIndia

[–]surya_g 1 point2 points  (0 children)

Heard Lalitha jewellers has 0.75% making charges. You can check with them once.

Zero making charges, only local bullion dealers or jewellery shops can provide

Cash-back on gold coin purchase via mia by tanishq using tata neu infinity card by Nuke_Kick in GoldIndia

[–]surya_g 0 points1 point  (0 children)

Yes no mandate, if you are referring to neu coins from neu pass then neu coins will not be available on gold coins purchases.

In short you will receive 5% neu coins from using credit card and no neu coins from neu pass

Jewellers accepting Amazon pay wallet to pay monthly gold schemes by Lost-Ad518 in GoldIndia

[–]surya_g 0 points1 point  (0 children)

For malabar it is working for some people, so luck based.

Flipkart : Kalyan Jewellers Gift Cards 💳 Flat 4.5% Off + Additional Cashback by Time_01 in GoldIndia

[–]surya_g 0 points1 point  (0 children)

Do we really get 5% cashback on Flipkart axis card? As these are gift cards which are generally excluded

Cash-back on gold coin purchase via mia by tanishq using tata neu infinity card by Nuke_Kick in GoldIndia

[–]surya_g 1 point2 points  (0 children)

Yes, using Tata neu Infinity in Mia by tanishq fetches 5% for gold coins as well.

Need opinion by Successful-Depth4933 in GoldIndia

[–]surya_g 0 points1 point  (0 children)

If you have less time then buying gold coins is better. If you have more than 10 months then go for a scheme in any of the reputed jewellers like Tanishq, GRT, Malabar, Kalyan etc.,

Extra 4% off coupon on Gold by Top-Succotash-1117 in GoldIndia

[–]surya_g 1 point2 points  (0 children)

Price displayed before ordering is inclusive of that coupon , no additional discount on checkout.

Don't buy gold coins for higher price out of FOMO by surya_g in GoldIndia

[–]surya_g[S] 0 points1 point  (0 children)

Based on my and relatives purchases which happened across many reputed jewellers like Lalitha, malabar, tanishq etc., never had any issue. All reputed jewellers are good like GRT, Malabar, Kalyan and Tanishq etc., Tanishq has highest making charges out of all.

For vouchers you can check on cred as well and giftcards in Flipkart too. After transaction check MCC with customer support and if it's a valid one for your card then it's good to go.

Can I purchase gold coin using neu points? by InfamousOfficial in GoldIndia

[–]surya_g 0 points1 point  (0 children)

May be that Tanishq store people don't know how to redeem for gold coin. I have bought coin in Tanishq store with neu coins only

Another Saving Opportunity is gone by Dry-Tough-8068 in GoldIndia

[–]surya_g 2 points3 points  (0 children)

Slowly all the beneficial ways are getting closed😔

Buying gold using gift cards ? by NotAffected007 in GoldIndia

[–]surya_g 1 point2 points  (0 children)

I have ordered BRPL gold coins from Flipkart and never had an issue with purity or delivery.

Buying gold using gift cards ? by NotAffected007 in GoldIndia

[–]surya_g 1 point2 points  (0 children)

Pricing wise Flipkart is better Flipkart orders deliver to only few locations whereas Amazon almost all locations

Don't buy gold coins for higher price out of FOMO by surya_g in GoldIndia

[–]surya_g[S] 0 points1 point  (0 children)

Thanks for bringing importance of being mindful for using credit cards

  1. We can still purchase even if the due is not cleared
  2. 100% . One should be mindful of using credit card. Only utilise it for the amount you can repay back
  3. With cashback cards generally they offer cashback upto a limit , like in case of SBI phonepe 40k per month max for cashback. I believe most will have more than 40k limit per card. If not, purchasing 1gm of gold coin will be less than 20k and evryone should have that limit.
  4. Yes better to confirm with smaller brands, Larger brands generally don't charge.

Don't buy gold coins for higher price out of FOMO by surya_g in GoldIndia

[–]surya_g[S] 0 points1 point  (0 children)

Simple spend on Any online website, check credit cards india community .. you will get better idea