Malabar Gold Scheme Review

By Team Gullak

Last updated : Oct 1, 2026

5 min read

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 and benefits

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: Here you can either lock in an advance amount or deposit your existing gold or coins for this plan. The tenure is 11 months, and once it matures, you can purchase jewellery with zero making charges upto 18%. Many of us have idle Gold at home, this scheme can be used to convert that to new jewellery. Your benefit is same as the Golden Bloom plan i.e., 18%

How to pay Malabar Gold scheme online

To make Malabar Gold monthly scheme payment,

Download the Malabar God and diamonds app
Sign in or create an account
Navigate to the accounts section
Click on "Gold Purchase plans"
Select "Make payments" option
Select payment method and make your payment. Payment methods include UPI, Cards, Net-banking and via wallets.

Malabar Gold scheme terms and conditions

Below are the tncs applicable when buying Gold using Malabar gold and diamonds gold scheme:

There may be minor differences between the final product price and the amount paid at the time of placing the order.
Products ordered under this scheme are not eligible for the standard 14-day return policy.
If you're unsatisfied with the product, you can return it at any retail store: standard exchange policy and buy-back rates will apply.
Discounts may vary from product to product.

Gullak: An alternative gold scheme

If you are looking for an agile, hassle-free way to save in 24K gold without being restricted by traditional showroom contracts, Gullak offers a refreshing path forward. Here is how saving on Gullak works:

Rather than locking your money into rigid advance payments, Gullak simplifies wealth building by allowing you to accumulate pure gold at live market prices on your own schedule.

Gold accumulation: Instead of shelling out lump-sum payments or committing to steep monthly showroom minimums, Gullak lets you start setting aside pure 24K gold from just ₹100/day. Day by day, your pocket-friendly contributions quietly grow into full grams of gold.

100% Flexibility: You stay in complete charge of your budget. Automate your savings through daily, weekly, or monthly SIPs or make one-time top-ups whenever you have extra funds. If your finances shift, you can pause, edit, or resume anytime with zero lock-in periods or penalties.

Jeweller network: While traditional schemes bind your hard-earned savings to a single showroom, Gullak connects you to 5,000+ jewellery partner stores across India, including top brands like Malabar, Tanishq, and CaratLane. When you hit your savings milestone, you can redeem your gold directly for jewellery at these outlets, order certified coins home, or withdraw straight to your bank account as cash.

Scheme Duration- None (open-ended savings)

Minimum amount- ₹100/day

Payment terms- Daily, weekly, or monthly SIPs or one-time deposits

Benefits- Systematic 24K gold accumulation at live market rates with zero lock-ins

Lock-in period- None

Withdraw options- Liquid cash, hallmarked gold coins delivered home, or jewellery redemption across 5,000+ partner stores

Build gold savings from ₹100/day with zero lock

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Comparison- Malabar Gold Scheme vs Gullak

Now that we have explored both options, let us look at how traditional showroom advances compare directly with digital accumulation on Gullak:

Table: Gullak vs malabar gold scheme plan

Feature	Gullak	Malabar Gold Scheme
Minimum Entry	Starts from ₹100/day	₹1,000/month
Accumulation Style	Automated micro-savings at live gold rates	Fixed monthly showroom advances
Flexibility	100% Flexibility (pause, modify, or resume anytime)	Low-Moderate (strict monthly payment cycles)
Lock-in Period	Zero lock-in; liquidate or redeem anytime	11 months
Redemption Scope	5,000+ partner outlets (Malabar, Tanishq, CaratLane, etc.), physical coins, or cash	Limited strictly to Malabar Gold & Diamonds showrooms

Save in pure gold with total freedom and zero lock

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Breaking down the primary distinctions:

Accessible daily micro-savings: Unlike Malabar’s fixed monthly advance requirement, Gullak allows you to steadily build gold reserves with as little as ₹100/day, making gold accumulation manageable alongside everyday expenses.

Zero lock-in restrictions: While traditional showroom plans hold your funds for 11 months, Gullak gives you total liquidity. You can pause, adjust, or cash out whenever necessary.

Freedom of choice: Rather than committing your future purchase to one brand almost a year in advance, Gullak leaves the final showroom decision in your hands through its network of over 5,000 partner jewellery outlets.

The Bottom Line

Both the Malabar Gold Scheme and Gullak offer practical avenues for people planning future jewellery acquisitions, but they serve different saving styles. If you frequently shop at Malabar and want to lock in specific discounts on making charges under a structured 11-month plan, their scheme can be a rewarding route.

However, if you value liquidity, want to start small from ₹100/day without fixed monthly lock-ins, and prefer having the freedom to choose among 5,000+ partner jewellery outlets when the time comes, Gullak provides a versatile and modern solution. Weigh your cash flow and purchase timeline carefully to choose the route that best fits your goals.

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