Only Premium & Super Premium Cards Discussion

[rohitb]

I randomly picked few jewelry vouchers. Some have restrictions to buy coin.

Which allow coin buying?

Flipkart also has vouchers. So theoretically we can Max out ASV, Amazon pay and Flipkart vouchers pm

Kalyan Jewellers has two(at least) types of GCs. One has term coin in it . That is the one you should look for.

 

[rohitb]

There are some Coin specific vouchers. GRT vouchers allow buying anything from their retail outlets.

This one.

 

[infinia_finally]

Thanks. Is there a significant difference in coin making charges of Kalyan, Josallukas, GRT etc? Or is it negligible compared to discount?

This is investment, not for jewellery making. So in future, would the same vendor give cash for coins at the market buy rate?
(I know there's a spread between buy n sell even while exchanging coin for jewellery purchase)

 

[drsel]

Thanks. Is there a significant difference in coin making charges of Kalyan, Josallukas, GRT etc? Or is it negligible compared to discount?

This is investment, not for jewellery making. So in future, would the same vendor give cash for coins at the market buy rate?
(I know there's a spread between buy n sell even while exchanging coin for jewellery purchase)

Yes they will give cash for the coins after deducting their profit margin of 3 to 4%.
so you will lose 3 to 4% when you buy, you will lose GST and you lose 3--4% when you sell.

Some jewellers may not charge a margin when you sell it back to them, if you have a proper receipt and proof of purchase from them.

If there is price appreciation or depreciation, that is a separate issue

 

[drsel]

Yes they will give cash for the coins after deducting their profit margin of 3 to 4%.
so you will lose 3 to 4% when you buy, you will lose GST and you lose 3--4% when you sell.

Some jewellers may not charge a margin when you sell it back to them, if you have a proper receipt and proof of purchase from them.

If there is price appreciation or depreciation, that is a separate issue

It's good to be a jeweller whose family members have cards which give over 10% return.
Then all of them will make a lot of profit.
This is why most cards don't give any return on jewellery

 

[rohitb]

It's good to be a jeweller whose family members have cards which give over 10% return.
Then all of them will make a lot of profit.
This is why most cards don't give any return on jewellery

Matlab mere ghawaalon ka galat profession.
Shit.