Only Premium & Super Premium Cards Discussion

[grshnehete]

When you buy Gold, you are charged 3% GST. When you sell Gold the jewelers reverse charge and deduct the GST amount to you in case you take payment in cheque, cash sale is a different story but that is irrelevant as I suppose everyone is getting a return back into their bank accounts.

Just went to nearby jeweler and he said that he will give 12000 for 24K 2grams coin. Currently 2grams gold bar from Bangalore refinery is going at 13135 on Amazon.
So loss of 1135 on 2 grams.

 

[Deleted member 9785]

Just went to nearby jeweler and he said that he will give 12000 for 24K 2grams coin. Currently 2grams gold bar from Bangalore refinery is going at 13135 on Amazon.
So loss of 1135 on 2 grams.

Its not a loss. You should calculate points earned and then see it against it

 

[grshnehete]

Its not a loss. You should calculate points earned and then see it against it

Yes, in terms of points it's very beneficial.
Even if bought from 5X ASV, and transferring points to airlines and redeeming it internationally (which has lowest redemption value), there is a gain.

 

[Ace87]

I have been on fence about buying Mellora gold from Myntra. Can anyone share their experience buying and selling the same

 

[Ashritap]

I have been on fence about buying Mellora gold from Myntra. Can anyone share their experience buying and selling the same

I have been on fence about buying Mellora gold from Myntra. Can anyone share their experience buying and selling the same

My order has still not been shipped. The ETA is 13th june. So fingers crossed 🤞

 

[D7162]

I have been on fence about buying Mellora gold from Myntra. Can anyone share their experience buying and selling the same

Price is too high.. just let them rest.. wait for few days

 

[mojo_jojo123]

Price is too high.. just let them rest.. wait for few days

yes wait few days

 

[CARDBITRAGE]

I have no experience selling gold coins. I've just accumulated coins so far. If I were to liquidate it, what is the best way? Jewellers are happy to buy it at spot price provided you buy/exchange it for jewellery from them.

 

[CARDBITRAGE]

Looks a good avenue as you get 2.5% interest per annum. I am anyhow accumulating gold coins for my son's marriage 🙂 after maybe 20 years 🙂

Smart. It would be great if gifts received during marriage still remains tax free. XD

 

[Ashritap]

Placed an order today
MELORRA
24KT Gold Lakshmi Coin-5 g
Size: Onesize
Price - 32,400

The gold coin party many not last for long at myntra. The 1.5% discount is already gone

Did your order get shipped? Mine's had no updates yet.

 

[CARDBITRAGE]

When you buy Gold, you are charged 3% GST. When you sell Gold the jewelers reverse charge and deduct the GST amount to you in case you take payment in cheque, cash sale is a different story but that is irrelevant as I suppose everyone is getting a return back into their bank accounts.

Are you sure? I thought the reverse charge mechanism was only for service-related GST transactions.

 

[D7162]

Did your order get shipped? Mine's had no updates yet.

Mine was ordered on 19th but no movement yet

 

[hks789]

I ordered a Melorra one on 31st may, estimated delivery is June 11th.
Still stuck at confirmed status.
Mostly probably it will get cancelled ☹️

 

[Makkar]

I ordered a Melorra one on 31st may, estimated delivery is June 11th.
Still stuck at confirmed status.
Mostly probably it will get cancelled ☹️

Did your order get shipped? Mine's had no updates yet.

Whats the status now ?

 

[hks789]

Whats the status now ?

Still in confirmed status 😕.

 

[Ashritap]

Same here. Still in confirmed status 😒

 

[FinGuru]

Same. Confirmed Status. Ordered on 19th May.

 

[Theo]

Myntra seems to have understood the game. Like a ponzu scheme they will get people to buy a lot and slowly increase cancellation till one point when you will have no option but buy an alternate product. And in the bargain some credits may also get expired.

 

[Ashritap]

Same. Confirmed Status. Ordered on 19th May.

What was your ETA at the time of order?

 

[Ashritap]

Has anyone ever had successful delivery of Mellora? If yes, how long did it take?