Malabar Gold Scheme Review

By Team Gullak

Mar 28, 2025

4 min read

Gold, not only is a precious asset in India, but also is a symbol of prosperity and culture in the Indian economy. That being said, with the rising gold prices, it becomes difficult for households to buy gold in large quantities in a go. This is where gold schemes come into the picture, offering an easier & more convenient manner of saving in gold for future purchases.

One such gold scheme that is widely known among Indians is the Malabar gold scheme. In this article, we will understand how the scheme works, pros & cons and compare it with other gold schemes like Gullak Gold+.

Malabar Gold Scheme

Malabar Gold schemes are gold saving schemes that allow you to pay monthly advances at periodic intervals and at the end of the tenure, you can buy gold with the accumulated amount. The tenure generally lasts for 11-12 months. At the end of the tenure, you can buy gold jewellery from the Malabar Jewellery stores and claim exclusive discounts. In the section below, we'll take an in-depth look into Malabar Gold scheme details.

Malabar Gold scheme details

There are 3 main Malabar Gold schemes, we will understand their benefits in this section.

Golden Bloom: Users enrolled under this Malabar Gold scheme need to pay 11 monthly instalments and at the end of the tenure they can buy gold jewellery of choice. Users enrolled into this scheme are exempted from paying any making charges on jewelleries with upto 18% making charge.
Golden Glow: This is also a 11 month scheme. Under this scheme, users get to accumulate gold worth instalment amount every month. At the end of the scheme they get to purchase jewellery equal to the accumulated gold weight. Users are eligible for exemptions on making charges up to 14%
Golden Bliss Advance Gold Purchase Plan: Allows you to select/pre-book a target jewellery at the beginning of the plan. With this plan, you make instalments over 11 months that lead upto the amount required for the desired jewellery purchase. With this plan, you also benefit from discounts on making charges.

Gullak Gold+: An alternative gold scheme

If you’re looking to make the most out of your gold saving scheme, Gullak Gold+ might be a perfect fit for you. Here’s how Gullak Gold+ works:

All over India, if you were to buy gold your returns would be equivalent to the rate at which gold price increases. However, on Gullak Gold+, you get an increase of gold quantity as well, on top of this. Basically, your gold quantity increases by 5% every year with Gold+. If you invest 100 gms today, it will become 105 gms in 1 year & 148 gms in 8 years, giving you a 50% gold quantity increase.

Scheme Duration- None

Minimum amount- ₹150/day

Payment terms- daily/weekly/monthly SIPs or one-time investments

Benefits- Grow your gold quantity by 5%pa

Lock-in period- None

Withdraw options- Cash or gold coin or redeem jewellery at Gullak’s partner stores like Caratlane by Tanishq and claim flat 5% off on gold price.

Only Scheme where Gold Quantity increases by 5%pa

Explore Gullak Gold+

Comparison- Malabar Gold Scheme vs Gullak Gold+

Now that we have a deeper understanding of both, malabar gold saving scheme and Gullak Gold+, let us do a side-by-side comparison of both the schemes:

Table: Gullak Gold+ vs malabar gold scheme plan

Feature	Gullak Gold+	Malabar Gold Scheme
Minimum Contribution	₹150/day	₹1000/month
Average Annual Returns	Gold price increase + Extra 5% gold pa	Gold price increase
Flexibility	High	Low-Moderate
Lock-in Period	None	11 months
Investment Options	SIP(daily/weekly/monthly) or One-time deposits	Monthly advances

Get Higher returns, more Benefits & Unlimited Flexibility

Explore Gullak Gold+

In the above table we can see that Gullak Gold+ stands out in 3 domains:

Extra 5% gold every year- Growing your gold quantity isn’t possible with any other gold scheme apart from Gullak Gold+.

Flexibility- You can withdraw your investments from Gold+ anytime you want. Your investments are withdrawable as cash or gold coins or jewellery.

One key difference between the 2 schemes is that with Gullak Gold+, you can set up SIPs that invest your money in gold at your given frequency. On the other hand, with the Malabar Gold Scheme, your money gets invested only after the scheme tenure is over, leading to you missing out on almost 1 year’s worth of gold returns & buying gold at a higher future price.

The Bottom Line

Both, Malabar 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 immensely benefit you. That being said, investors must do their due diligence before choosing any gold scheme.

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