Malabar Gold & Diamonds unveils Gold Rate Protection offers ahead of the festive season.
- Pay just 10% advance and block the Gold Rate
- Get benefit of the booked rate if price increases during the purchase
- Get the lower Gold Rate if the price goes down during the purchase
With an impressive retail network of over 305 outlets across 10 countries, Malabar Gold & Diamonds, the 6th largest jewellery retailer globally is providing customers with the best opportunity to invest in gold, through the 10% advance booking option, be it for personal use or as an investment.
The brand has announced this offer as part of the upcoming festive season, through which, customers can just pay 10% advance for their favorite jewellery and block the gold rate until the 23rd of April 2022, protecting themselves from any increase in gold rate during this period. If gold rate increases at the time of purchase, customers can avail the blocked rate and if it reduces they can still draw mileage of the reduced rate i.e. a customer intending to buy gold jewellery worth AED 10,000 just needs to pay AED 1000 to avail the advance booking offer and in turn get protected from the increasing gold rates.
This offer will be valid across all Malabar Gold & Diamonds showrooms. Customers can either pay the advance directly at the outlet or online, via Malabar Gold & Diamonds’ mobile app.
“Even though Gold has retained its status as a safe haven investment, the constant fluctuation in prices can cause doubts amongst potential customers looking to invest in Gold. With the gold rate protection offer, we are providing our customers with a great opportunity to invest in gold by paying just a 10% of the overall value in advance. With this offer, customers can be assured that they can reap the benefits of the fluctuating gold rates, regardless of whether it goes up or down. This is also a golden opportunity for customers looking to buy their favourite jewellery in light of the festive season that is fast approaching”, commented Mr. Shamlal Ahamed, MD-International Operations, Malabar Gold & Diamonds.
With the upcoming festive season, this exclusive offer from Malabar Gold & Diamonds will help customers shop for their favorite jewellery, without having to worry about the gold price. Gold being a reliable investment is one of the intrinsic reasons for people buying gold jewellery while also serving as an adornment. It is the ease to liquidate the metal for cash without losing much value even during difficult times that has further increased its dependability.
In addition to the 10% advance option, customers can also pay 50% and 100% of the amount as advance to get gold rate protection for 90 days and 180 days respectively. This option will be available to customers throughout the year across all stores of Malabar Gold & Diamonds.
Malabar Gold & Diamonds was established in 1993 and is the flagship company of Malabar Group, a leading diversified Indian business conglomerate.
With an annual turnover of $4.1 billion, the company currently ranks as the 6th largest jewellery retailer globally and today has a strong retail network of 305 outlets spread across 10 countries in addition to multiple offices, design centers, wholesale units and factories spread across India, Middle East, Far East & USA. The group, owned by more than 4,000 shareholders, has more than 16,500 professionals from over 26 countries working towards its continued success. Malabar Gold & Diamonds also features an online store www.malabargoldanddiamonds.com providing customers the opportunity to purchase their favorite jewelry at any time and on any day from the comfort of their homes.
The group also operates MGD – Lifestyle Jewellery, a retail concept offering trendy and light weight jewellery that represents the independent and the modern woman through its designs and collections.
CSR has been the primary commitment of the group since its inception; integrating ESG (Environmental, Social & Governance) principles into the core business. The key CSR focus areas of Malabar Group are Hunger, Health, Education, Women Empowerment, Housing, and the Environment. The ESG goals of the organization are periodically strengthened by integrating responsibility and sustainability to remain a socially conscious and responsible organization. The group contributes 5% of its profit to such initiatives in the same country of operation.