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Amid record high prices, gold buyers take a shine to monthly schemes

Despite the high prices of gold, retail chains are experiencing an increase in jewelry purchases through deferred or monthly payment schemes. Tanishq, a jewelry retailer owned by the Tata Group, saw a 44% rise in purchases through its deposit scheme. Reliance Retail also reported an increase in purchases through such schemes. Even regional chains, like PNG Jewellers and Senco Gold, have seen significant growth in deposits. The popularity of these schemes can be attributed to the discounts offered on installments and the ability for consumers to pre-plan their purchases. ....

West Bengal , United States , Ajoy Chawla , Akshaya Tritiya , Nilanjan Dey , Saurabh Gadgil , Tata Group Tanishq , Titan Co , World Gold Council , Golden Harvest , Senco Gold , World Gold , Durga Puja , Gold Buyers , Monthly Payment Gold Schemes , Gold Prices , Reliance Retail ,

Gold Buyers Take a Shine to Monthly Schemes

Consumers might be buying less gold amid record-high prices, but top retail chains are seeing a surge in jewellery purchased through deferred or monthly payment schemes. Some of the big jewellery retailers saw over a 50% rise in purchases through monthly schemes. ....

United States , Ajoy Chawla , Nilanjan Dey , Saurabh Gadgil , Akshaya Tritiya , World Gold Council , Titan Co , Tata Group Tanishq , Golden Harvest , Senco Gold , World Gold , Durga Puja ,

Gold Prices: Amid record high prices, gold buyers take a shine to monthly schemes, ET Retail

Gold Prices: Tanishq, a jewelry retailer owned by the Tata Group, saw a 44% rise in purchases through its deposit scheme. Reliance Retail also reported an increase in purchases through such schemes. Even regional chains, like PNG Jewellers and Senco Gold, have seen significant growth in deposits. ....

United States , Nilanjan Dey , Saurabh Gadgil , Akshaya Tritiya , Ajoy Chawla , Tata Group Tanishq , World Gold Council , Titan Co , Golden Harvest , Senco Gold , World Gold , Durga Puja , Gold Prices , Gold Buyers , Monthly Payment Gold Schemes , Saurabh Gadgil , Ajoy Chawla , Akshaya Tritiya , Reliance Retail , Senco Gold ,