Neutral impactCommodity
Diwali 2026: Planning to invest in gold savings schemes by jewellers? How they work, benefits, risks and what to check
Mint 1 hr ago·8 Nov 2026, 2:33 pm
Jeweller gold savings schemes are fixed-deposit plans that let you invest a set amount monthly for a year or more. At the end of the tenure, you receive gold jewellery instead of cash. This approach helps investors accumulate physical gold in small, affordable instalments, which can be useful for saving for a wedding or building a long-term asset portfolio.
These schemes often offer a discount on the jewellery's market price, making them attractive. However, they come with risks. The gold quality may be lower than market standards, and there are often high exit charges if you withdraw early. Additionally, the scheme's lock-in period restricts your liquidity. Investors should carefully compare the effective cost per gram against the current market rate and read the fine print before committing.
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