Khazana Gold Scheme: All your need to know

By Team Gullak

Nov 13, 2024

4 min read

Gold investment has long been a trusted and popular choice in India. The Khazana Gold Scheme offers an affordable way to buy gold to Indian households. In this blog, we will explore the Khazana Gold Scheme, delve into its features, the benefits of the scheme and compare it against other gold schemes like Gullak Gold+.

What is Khazana Gold Scheme?

The Golden Flexi Plan by Khazana Gold Scheme streamlines the process of gold jewellery buying. This plan allows you to purchase gold jewellery for weddings and special occasions. With plans starting from ₹1000, you can join and choose your favourite designs within 11 months of enrolment.

How does Khazana Gold Scheme work?

You have to pay a monthly advance continuously for 11 months.
After completing the scheme period, you can purchase gold jewellery.
While the maturity of this scheme, you can benefit from discounts on making & wastage charges on your jewellery purchase.

Benefits of Khazana Gold Scheme

Flexible Payments: Spread out payments over time to reduce financial burden using flexible payments.
Discounts: You can avail discounts on making & wastage charges when claiming the jewellery of your choice.

What is Gullak Gold+ & how does it compare against the Khazana jewellery gold scheme?

Gullak Gold+ is a gold investment scheme that allows you to invest in gold & grow your gold quantity every year. This is possible with Gullak’s feature called Gold+, which gives you extra 5% gold every year. 100 gms invested in Gullak Gold+ will become 105 gms in 1 year & 148 gms in 8 years. On top of this, you also get the benefit of gold price increase.

There are no lock-in periods, you can withdraw anytime you want.

Feature	Khazana Gold Scheme	Gullak Gold+
Definition	Systematic payments for 11 months. The savings is used at the end of the tenure to buy gold jewellery	Scheme that allows you to grow your gold quantity by 5% every year along with all the other benefits of gold investments
Minimum Investment	₹1000/month	₹150/day
Lock-in Period	Lock-in period of 11 months	No Lock-in period, withdraw as cash/gold/redeem jewellery
Benefits	Discounts on making and wastage charges	Extra gold every year. If redeeming jewellery, get flat 5% off on gold price.
Payment terms	Fixed monthly advances	Can set up daily/weekly/monthly SIPs & pause or resume when needed

Get Higher returns, more Benefits & Unlimited Flexibility

Explore Gullak Gold+

Which Gold Scheme should you choose?

Multiple gold schemes like Khazana Gold Scheme in the market encourage investment in gold for jewellery purchase. However, these schemes have shown several disadvantages, making them less beneficial for you. One major drawback is the lack of liquidity; there are lock-in periods associated & you can only withdraw as gold jewellery. Another drawback is that the accumulated amount gets invested in gold only after the tenure is over, this in turn leads to you buying the gold after 11 months at a higher price since gold prices are always increasing.

In contrast, Gullak Gold+ offers a more flexible and advantageous investment option. Investments start from as low as ₹150/day, with no lock-in period. The extra 5% gold pa on Gullak Gold+ provides an added benefit that no other gold investment provides.

Note- Investors should do their due diligence before choosing any investment scheme.

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