Buy GOLD below market rate - 10% Discount on Gold Coins at AJIO on ICICI Credit Cards

[Deleted member 26954]

Currently Ajio is running a offer on ICICI credit cards wherein you can get 10% discount on gold coins (max Rs 1000)...Net cost is below market rate...You may take advantage

 

[aparnahm]

I got the offer yesterday and claimed the AT trolley bag today. Could not claim it sooner due to medical emergency of a close relative. Thank God, it was still available.
I thought I will get both products at Re.1, greed

 

[navdeep22]

@SSV @Krishna Kumar @BVC
government reduced gold duty by 3%, so gold price is 3% down, we are at loss

 

[SSV]

@SSV @Krishna Kumar @BVC
government reduced gold duty by 3%, so gold price is 3% down, we are at loss

come back in 5 years time..
Loss /profit is only with respect to the timeline you view..

 

[Krishna Kumar]

@SSV @Krishna Kumar @BVC
government reduced gold duty by 3%, so gold price is 3% down, we are at loss

Keeping it as long term investment.
Will multiply in years. Don't worry

 

[BVCBVC is verified member.]

@SSV @Krishna Kumar @BVC
government reduced gold duty by 3%, so gold price is 3% down, we are at loss

Dynamic commodities we cannot track. If you buy on terms of investment for long term it will definitely give returns. Buying and selling (Trading) will have effect. But if you are trading also you have to average, then only it will work for you.

 

[BVCBVC is verified member.]

@SSV @Krishna Kumar @BVC
government reduced gold duty by 3%, so gold price is 3% down, we are at loss

Seeing in terms of investment point of view or ornament buyer they might give a shot because festive season coming up.

 

[m4b]

Grab more before you see shortage

 

[navdeep22]

When will new prices reflect on platforms?

 

[SSV]

When will new prices reflect on platforms?

tomorrow . . or after midnight

 

[arvinder]

If we buy gold bar from flipkart using sbi cashback credit card, we will get 5% cashback or not ?

 

[Krishna Kumar]

If we buy gold bar from flipkart using sbi cashback credit card, we will get 5% cashback or not ?

Y e s

 

[sm9811911]

@SSV @Krishna Kumar @BVC
government reduced gold duty by 3%, so gold price is 3% down, we are at loss

Impact is more. Around 5%. So, yes disappointing.

 

[Krishna Kumar]

Impact is more. Around 5%. So, yes disappointing.

It will recover within few days (worst case within a month). Nothing to worry.

 

[sm9811911]

It will recover within few days (worst case within a month). Nothing to worry.

It will recover yes. Not worrying. Disappointed that returns on the gold coins i hold dropped. Not looking to hold these coins for long term, was supposed to sell them off last week. But anyways do it in this month.

 

[MangoRush]

Anyone buying it for short term profit should look at other ways instead.

 

[navdeep22]

Impact is more. Around 5%. So, yes disappointing.

Impact hona is different bro. Wo roll back hojaayega, duty which is reduced, will be permanent impact as compared to international gold prices

 

[sm9811911]

Impact hona is different bro. Wo roll back hojaayega, duty which is reduced, will be permanent impact as compared to international gold prices

I think the duty reduction is 9%[corrected] not 3%. do double check. Price impact on gold futures was 5% last i checked.

Not going to speculate if it reverses or reduces further and when will it recovers if in a day or month or year.

 

[bigbyte]

Total Gold duty has been reduced by 9%, not 3%.
BCD reduced by 5% (from 10 to 5) and AICD reduced by 4% (from 5 to now 1%).

Rates in local market are down by 6-7% already.

 

[sandesh]

tomorrow . . or after midnight

received the remaining ajio codes? Yet to receive; its already 8pm

 

[Taklu Haiwan]

Yup now it's 10 pm still waiting for code.