Gold Schemes 2026: Which is the Best Gold Saving scheme?

By Team Gullak

Last updated : Oct 1, 2026

7 min read

A Gold scheme or gold saving scheme offers a flexible approach to buying gold for future purposes. These schemes typically last for a tenure of 10-11 months, where you’d have to make monthly deposits and at the end of the term you can buy jewellery or coins of your choice from the jeweller. These schemes also provide investors with some discounts on making charges or VA on your jewellery purchase. The Best Gold saving schemes are:

In this article, we will cover the main features of these monthly gold schemes.

What are the different Gold Saving Schemes in India?

Tanishq Golden Harvest

The Tanishq Golden Harvest is a 10 month long gold saving scheme that allows you to save for gold jewellery purchase. Under this gold scheme, you will have to pay monthly advances for a period of 10 months and at the end of the tenure, you will be eligible to buy jewellery of your choice from Tanishq’s gold stores.

Gold Scheme Benefits- After the tenure(11th month), Tanishq provides you a Discount equivalent to 75% of the 1st advance paid on your jewellery purchase.

Minimum Monthly investment- ₹2000

If you want to take a look at Tanishq's making charges, navigate here

GRT Jewellery Purchase Plan

Here, we'll be talking about the New Golden Eleven Flexi Plan from GRT jewellers. The New Golden Eleven Flexi Plan is a popular 11 month gold scheme. Under this Gold scheme, you have to pay monthly advances for a tenure of 11 months and after the end of the tenure, you can buy jewellery of your choice from GRT jewellers. For more information on GRT gold schemes, visit this article.

Gold Scheme Benefits- 50% discount on VA on jewellery with making charge upto 18%.

Minimum Monthly investment- ₹500

If you want to take a look at GRT's making charges, navigate here

Malabar Golden Bloom Plan

Malabar Jewellers have 3 popular gold schemes. In this article we'll be talking about The Malabar golden bloom scheme. The Golden bloom is a 11 month gold saving scheme that allows you to save in periodic intervals to buy gold with the accumulated amount at the end of the tenure.

Gold Scheme Benefits- 50% discount on VA on jewellery with making charge upto 18%.

Minimum Monthly investment- ₹1000

If you want to take a look at Malabar's making charges, navigate here

Gullak

Gullak is a modern gold savings platform that offers a flexible alternative to traditional showroom installment plans. Instead of rigid commitments, Gullak lets you accumulate 24K gold on your own schedule with complete freedom over how and when you save.

Benefits-

Gold accumulation - Instead of buying gold in a go, which can be a big amount to many, you can start buying gold on Gullak starting from just ₹100/day. Over time, this gold accumulates and builds gold for you.

100% Flexibility - You get the option of pausing or restarting your daily gold amounts any time you want. You also get the options of daily/weekly/monthly SIPs or one-time transactions.

Jeweller network - Gullak is tied with top jeweller stores like Tanishq, Malabar, Caratlane etc. Once you build your gold savings, you can redeem it as jewellery at Gullak's 5000+ jewellery stores network, order gold coins home, or withdraw as cash.

Joyalukkas Gold Scheme

Joyalukkas Gold scheme is a 10 month Gold scheme which allows you to make monthly advances that can be used to buy Gold, Silver or Diamond Jewellery, Gold coins and gold bars.

Benefits-

Minimum Monthly instalment - ₹1000

If you want to take a look at Joyalukkas's making charges, navigate here

Kalyan Jewellers Gold scheme

Kalyan's Gold scheme is a 11 month Gold installment scheme where you need to make monthly deposits. At the end of the scheme, you can claim Gold jewellery with the accumulated amount.

Benefits - Discount on gold or membership charges

Minimum Monthly instalment - ₹500

If you want to read more on Kalyan Jewellers Gold scheme, navigate to this article.

If you want to take a look at Kalyan's making charges, navigate here

How do the different Gold schemes compare against each other?

In this section, we will compare the different gold saving schemes from the above sections and help you choose the best gold saving scheme

Table: Different Gold schemes compared against each other

How is Gullak different from other Gold schemes?

There are 3 main differences between Gullak and traditional gold schemes:

Gold accumulation: Instead of committing large amounts upfront or being forced into high monthly advance amounts, you can begin saving on Gullak with just ₹100/day. Over time, these small savings steadily turn into full grams of gold.

100% Flexibility: Unlike conventional jeweller schemes that enforce a 10 to 11-month lock-in and penalize missed installments, Gullak gives you total control. You can pause, adjust, or restart your contributions anytime, and withdraw your funds whenever you need.

Jeweller network: Traditional showroom schemes restrict your redemption solely to their own brand. With Gullak, you are tied to a vast network of 5,000+ partner jewellers—including Tanishq, Malabar, and Caratlane—allowing you to redeem jewellery across brands, order coins home, or withdraw directly as cash.

Concluding thoughts on Gold schemes

Gold schemes are an amazing way to save for future gold purchases. It is important to consider a variety of factors before investing in them like benefits, lock-in etc. The extra flexibility with Gullak can give you an edge over most other gold schemes. However, at the end of the day, the decision lies with you as to which is the best gold saving scheme for your needs.

Bonus: Best Gold schemes across Indian cities

Best Gold schemes in Bangalore

If you're looking for Best Gold schemes in Bangalore, these jewellers are famous in Bangalore, you can explore their schemes:

Best Gold schemes in Hyderabad

If you're looking for Best Gold schemes in Hyderabad, these jewellers are famous in Bangalore, you can explore their schemes:

Best Gold scheme in Chennai

If you're looking for Best Gold scheme in Chennai, these jewellers are famous in Bangalore, you can explore their schemes:

Disclaimer: Investors should do their own due-diligence before choosing any financial asset