Jos Alukkas gold scheme Review

By Team Gullak

Mar 27, 2025

4 min read

Gold has been a timeless way to build wealth and celebrate important milestones in India. From weddings to festive gifting, it’s more than an asset—it’s an emotion. However, with rising gold prices, it becomes difficult for most people to buy gold. This is where, gold saving schemes shine, providing a systematic and affordable way to save for gold purchases.

In today's article we'll take a look at one of the popular gold saving schemes – Jos Alukkas Gold Scheme and understand its pros and cons.

Jos Alukkas gold scheme details

Jos Alukkas Gold scheme is a 12 month purchase plan. The scheme is limited to only online purchases. Users can choose to make monthly payments of ₹1,000, ₹2,000, ₹5,000, or ₹10,000 based on their preference. After the end of the scheme, users can purchase gold jewellery with the accumulated amount and claim special discounts.

Key Features of Jos Alukkas Gold Scheme:

Monthly Payments: You deposit a fixed amount every month for 12 months.

Redeem in Gold: At the end of the 12th month, you can use your accumulated savings to buy gold jewellery from Jos Alukkas.

Bonus Benefit: You receive a discount equivalent to 90% of one instalment on the jewellery you purchase.

Discounts: You may receive discounts on making charges, depending on ongoing offers and promotions.

Gullak Gold+: A Smart Way to Save and Grow Your Gold

While traditional schemes serve a purpose, Gullak Gold+ takes a fresh, digital-first approach to gold savings. Here's how Gullak Gold+ stands out:

5% Extra Gold Every Year: Your gold quantity grows by 5% annually—something traditional jewellers don’t offer. So, if you invest 100 gms in Gullak Gold+, it'd become 105 gms in 1 year and 148 gms in 8 years!

No Making Charges: Since you’re not locked into buying jewellery, you avoid the hefty making and wastage fees.

Full Flexibility: Withdraw anytime. Take cash, gold coins, or redeem jewellery from partner jewellers.

Start Small: Begin with as little as ₹100/day. Set up a daily, weekly, or monthly SIP that suits your budget.

Jewellery Redemption Partner Network: Gullak is partnered with all the top jewellers in India, so you can redeem your gold for jewellery when you're ready. You also get to claim exclusive discounts for being a Gullak user

Final Thoughts on Jos Alukkas gold scheme

Both, Jos Alukkas gold scheme and Gullak Gold+ are splendid gold saving schemes. When buying gold you can choose any of the above schemes that tailor to your gold needs. However, the extra 5% gold pa is something that is unique to Gullak & can create immensely more wealth for you. That being said, investors must do their due diligence before choosing any gold scheme.