Doha: Malabar Gold and Diamonds has come up with a gold rate protection offer to protect its customers from rising gold prices. Those who pay 10 percent in advance will get the benefit of the scheme.
This benefit can be availed till April 23. The rate increase will not be applicable to those who book gold by paying 10% in advance. Even if the price of gold increases at the time of purchase, customers can purchase the gold jewelery at the same price as booked at the time of purchase.
Meanwhile, if the price of gold falls below the booked rate at the time of purchase, gold jewelery can be purchased at that lower rate. For example, a customer buying 10,000 Qatari Riyal worth of gold jewelery can pay 1000 Qatari Riyals in advance and blackout the gold price.
This offer is available at all Malabar Gold showrooms. Payment can be made directly through the showrooms and through the Malabar Gold and Diamonds mobile app. Shamlal Ahmed, Managing Director of Malabar Gold and Diamonds International Operations, said that although gold is a safe investment, this offer will help to avoid panic among consumers due to price fluctuation.
Shamlal also stated that this is a golden opportunity for customers who want to buy jewelery in the upcoming festive season. The Malabar showrooms will also have options of 50 per cent of the total amount paid upfront for 90 days and 100 per cent of the total amount paid upfront for 180 days to get gold rate protection.