GRT Gold Scheme Review

By Team Gullak

Mar 27, 2025

5 min read

Investing in gold has long been considered one of the safest and most reliable methods to create wealth in India. Many people turn to traditional gold schemes like the GRT Gold Scheme to accumulate gold in a systematic way.

In recent years, however, newer and more flexible platforms like Gullak Gold+ have emerged, offering innovative solutions to gold investment. This article will review the GRT Gold Scheme, compare it with Gullak Gold+, and help you decide which gold scheme might be best suited for your investment needs.

What is the GRT Gold Scheme?

The GRT Gold Scheme plan is a gold savings plan offered by GRT Jewellers, a well-known jeweller in India. It allows customers to save a fixed amount of money every month, which is later used to purchase gold jewellery.

Under the GRT Gold Scheme, customers typically make monthly payments for 11 months, and at the end of the 11th month, they can use the accumulated amount to purchase gold jewellery from GRT Jewellers. The jeweller may offer benefits such as discounts on making charges, depending on the scheme's terms.

Key Features of the GRT Gold Scheme

Fixed Tenure: The GRT Gold Scheme plan usually operates on a 12-month plan, allowing customers to save systematically.
Jewellery Purchase: The money saved under the scheme can only be redeemed for gold jewellery.
Discounts on Making Charges: One of the most attractive aspects of the GRT Gold Scheme is the potential for discounts on making charges, which can reduce the overall cost of gold jewellery purchased.

Types of GRT Gold schemes

GRT jewellers have 2 major plans:

1. GRT gold saving scheme - New Golden Eleven Flexi Plan:

Under this GRT Gold scheme, users need to make monthly instalments for 11 months. At the end of the tenure, users can use the accumulated savings to purchase jewellery of choice. The New Golden Eleven Flexi Plan allows users to purchase from a wide range of options including, gold jewellery, Diamond jewellery, Platinum jewellery, Ruby & Emerald jewellery, Silver articles and Silver jewellery. Users can start saving in this GRT Gold scheme with as low as ₹500/month. Users can choose either a value-based or a weight-based GRT gold saving scheme option. Users are also eligible for additional discounts on VA charges, as mentioned below:

GRT Gold scheme	Value-based Benefits	Weight-based Benefits	Less on Making Charges	Discount per Carat	Discount on MRP
Gold	No VA(upto 18%)	50% Discount on VA on jewellery with VA upto 18%	-	-	-
Non MRP Diamonds(except solitaires)	No VA(upto 18%)	50% Discount on VA on jewellery with VA upto 18%	25%	10%	-
MRP Diamonds	-	-	-	-	15%
Uncut Diamonds	No VA(upto 18%)	50% Discount on VA on jewellery with VA upto 18%	25%	10%	-
Platinum	No VA(upto 18%)	50% Discount on VA on jewellery with VA upto 18%	25%	10%	-
Regular Silver Articles	No VA(upto 18%)	No VA(upto 18%)	-	-	-
Antique Silver Articles	50% Discount on VA on jewellery with VA upto 18%	50% Discount on VA on jewellery with VA upto 18%	50%	-	-
Silver Jewellery	-	-	-	-	20%
Ruby & Emerald	No VA(upto 18%)	50% Discount on VA on jewellery with VA upto 18%	50%	10%	-

2. GRT gold saving scheme - Golden One Flexi Plan:

Under this GRT Gold scheme, users need to make a one-time payment with a minimum amount of ₹25,000 to enrol. Once Enrolled, users can redeem jewellery on the 10th or 11th month from enrolment. Just like the Golden Eleven Flexi Plan, users are eligible for additional discounts on the VA of jewellery purchased. The discounts are exactly the same as those provided with the Golden Eleven Flexi Plan. This GRT Gold Scheme also allows a value-based or a weight-based payment approach.

Gullak Gold+ Overview

Gullak Gold+ is a modern gold investment scheme that allows users to grow their gold quantity by 5% every year. For example,

100 gms invested in Gullak Gold+ becomes 105 gms in 1 year & 148 gms in 8 years. On top of this you also get the benefit of gold price increase.

Only Scheme where Gold Quantity increases by 5%pa

Explore Gullak Gold+

Here’s what sets Gullak Gold+ apart:

Earn 5% Extra Gold: One of the standout features of Gullak Gold+ is the ability to earn 5% extra gold annually. This is a huge benefit over the GRT Gold Scheme plan, which doesn’t offer any extra interest on your investment.
SIPs: You can set up daily/weekly/monthly SIPs in Gullak Gold+. SIPs start from as low as ₹150/day. Unlike traditional gold saving schemes, the SIP gets invested in 24K 999 hallmarked gold everytime your amount gets debited.
No Making Charges: Unlike traditional jewellery schemes, Gullak Gold+ does not charge any making fees.
100% Flexibility: Gullak Gold+ allows you to withdraw anytime as cash or gold or redeem gold at popular jewellery stores like Kalyan & Tanishq. You can get additional discounts on gold price at these jewellery stores if you are a Gullak user.
100% safety: Gullak takes 100% collateral on your gold investments. Additionally, Gullak only onboards the biggest gold players in the market for gold investments. Read more about how Gullak is safe.

Get Higher returns, more Benefits & Unlimited Flexibility

Explore Gullak Gold+

Comparing GRT jewellers gold scheme, and Gullak Gold+

Both the GRT Gold Scheme plan and Gullak Gold+ have their unique features and cater to different investor needs. Let’s compare the two in several key areas:

Extra gold: Your gold quantity grows with Gullak by 5% every year while there’s no gold quantity increase with GRT gold scheme.
Returns: Equivalent to gold price appreciation with GRT gold investment plan while Gullak Gold+ provides you with gold’s annual price appreciation + extra 5% quantity increase every year.
Charges: GRT gold investment plan charges making and wastage charges. Investing in Gullak Gold+ waives off these additional charges.
Flexibility: Limited flexibility to withdraw before the tenure is over, with the GRT gold investment plan. However, you can withdraw your investments anytime with Gullak Gold+

Which Option is Best for You?

Choosing between the GRT Gold Scheme plan and Gullak Gold+ depends largely on your investment goals. If you’re saving specifically to buy gold jewellery for an occasion, the GRT Gold Scheme might be a good choice

However, if you’re looking for a versatile and flexible way to invest in gold, Gullak Gold+ offers many advantages. The ability to earn 5% extra gold, along with the flexibility to sell or redeem your gold as coins or jewellery at any time, makes Gullak Gold+ a superior option for long-term gold investors. It also removes the need to worry about making charges and offers a convenient, digital-first platform that aligns with modern investment practices. Gullak is also partnered with multiple jewellers for Gold jewellery redemption including GRT jewellers. You can use your Gullak savings to redeem jewellery & claim exclusive discounts on jewellery of your choice.

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