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

 

[vine]

Not missing anything. If you feel that's good enough discount for you, you can go ahead and take it. I had no issues in redeeming blr refinery coins in Hyderabad. Most of the guys will give you their 24kt rate of that day if you are exchanging them for their jewellery.

1) Did the jewellers charge extra 1-2-3% when redemption to cash/jewellery?
2) Which shops have redeemed from ? Shop name and area in Hyd will be helpful to me.

 

[Harsha896]

1) Did the jewellers charge extra 1-2-3% when redemption to cash/jewellery?
2) Which shops have redeemed from ? Shop name and area in Hyd will be helpful to me.

1) I never tried for cash. No extra charge for jewellery.
2) Sainikpuri area. Bhima, kalyan,grt etc. Till now not seen any jeweller in my area reject or asking for extra charge. They just consider it same like when you exchange old jewellery. They will check quality and give you their 22/24kt price for that day.

 

[vine]

1) I never tried for cash. No extra charge for jewellery.
2) Sainikpuri area. Bhima, kalyan,grt etc. Till now not seen any jeweller in my area reject or asking for extra charge. They just consider it same like when you exchange old jewellery. They will check quality and give you their 22/24kt price for that day.

Thanks. I was not planning to redeem cash either. Just curious how jewellers charge.
Thanks. It gives me an insight into this!

 

[hellobois]

Short and Sweet answer is NO

I would say no to your "NO". This is a sweet deal considering current offers by credit card purchase.
I checked with Malabar store, their rate is higher than Ajio and Flipkart so even if I sell it after a month ( considering 2-3% appreciation is gold rate) I would still be at profit + milestone for my credit card (although it's LTF card).
The only thing to keep in mind is checking local store rate before purchasing gold coin online+ the brand which you choose.

 

[hellobois]

1) I never tried for cash. No extra charge for jewellery.
2) Sainikpuri area. Bhima, kalyan,grt etc. Till now not seen any jeweller in my area reject or asking for extra charge. They just consider it same like when you exchange old jewellery. They will check quality and give you their 22/24kt price for that day.

Please elaborate how they check quality?
1. Do they open packing?
2. Do they do it instantly or keep it with them?
3. Do they ask any charge for quality check?
Thanks

 

[hellobois]

There is diff between 999 and 999.9 .. pls chk and buy

The gold rate which is visible online for today is for 999 or 999.9?
If you have any experience regarding difference in per gram or percentage wise difference in these two categories then pls guide us as well.
Thanks

 

[vine]

Short and Sweet answer is NO

Please explain with a long answer

@ManojGowda
Can you share why 3% should be counted.

I want to understand how and which deals should we avoid. Thanks to all in advance.

 

[hellobois]

Please explain with a long answer

@ManojGowda
Can you share why 3% should be counted.

I want to understand how and which deals should we avoid. Thanks to all in advance.

This 3% logic is not consistent. I went to PNG one day and their coin price was almost same as online price including GST. So call the brand first and I just checked, if you are comfortable with Bangalore refinery gold coins then Flipkart is really offering best price.
I'm also getting lured .
Just bought 2gm from Malabar on AJIO but this Flipkart deal is offering better prices than Ajio + purity of gold is 999.9 on Flipkart.
Not able to make my mind

 

[ManojGowda]

Please explain with a long answer

@ManojGowda
Can you share why 3% should be counted.

I want to understand how and which deals should we avoid. Thanks to all in advance.

3% is the GST.
walked into BHIMA yesterday. He calculated price on current market rate + 3% GST

 

[hellobois]

3% is the GST.
walked into BHIMA yesterday. He calculated price on current market rate + 3% GST

This is a local store thing. Some calculte it seperately while some include GST in final price and tell the customer the same.

 

[vine]

3% is the GST.
walked into BHIMA yesterday. He calculated price on current market rate + 3% GST

3% GST -- is it applicable only when we want cash?
Is it also applicable when we buy jewellery?

 

[sunit123]

Please explain with a long answer

@ManojGowda
Can you share why 3% should be counted.

I want to understand how and which deals should we avoid. Thanks to all in advance.

They will come to see my reply when they will SELL

 

[vine]

What are these ₹862 worth of diamonds? Any one got it & how to use it ?
If we calculate this with 5% credit card cashback/points , then this is a better deal!

 

[ManojGowda]

3% GST -- is it applicable only when we want cash?
Is it also applicable when we buy jewellery?

GST applicable while buying gold

 

[hellobois]

They will come to see my reply when they will SELL

Bro if you really want to help then tell us the problem you faced wo that others may not get trapped.
We all are sharing our knowledge and experience here.
In this way you may save our money as well.

Thanks

 

[vine]

They will come to see my reply when they will SELL

 

[rishi4]

Can someone please confirm do we get 5% cashback on Flipkart axis card for gold coin purchase on Flipkart?

 

[vine]

Can someone please confirm do we get 5% cashback on Flipkart axis card for gold coin purchase on Flipkart?

I dont have it, but others inthe forum have said that they do get

 

[hellobois]

A disclaimer from Bangalore refinery website.

 

[hellobois]

Can someone please confirm do we get 5% cashback on Flipkart axis card for gold coin purchase on Flipkart?

I bought today from Flipkart using SBI Cashback. I'll update after 2 days.