Only Premium & Super Premium Cards Discussion

[D7162]

Can we buy malbar gold coin using Amex Multiplier ? Anyone tried and received multiplier points ?

So As of now, if its eligible, we can get 5x on gold card + 12000 worth voucher for spends of 2 lakh

nice deal if one want to buy gold ?

 

[shutapdiya]

Can we buy malbar gold coin using Amex Multiplier ? Anyone tried and received multiplier points ?

So As of now, if its eligible, we can get 5x on gold card + 12000 worth voucher for spends of 2 lakh

nice deal if one want to buy gold ?

not possible bro

 

[D7162]

not possible bro

View attachment 32423

Malabar Gold 24k 999 Purity 3g Coin Pendant

Buy 999 Purity 3 Grams Laxmi Impression Gold Coin Pendant PDLX999P003G online.

www.malabargoldanddiamonds.com

What about such pendants ? Now a days, its a small loophole in amazon, by selling pendants inplace of coins

 

[shutapdiya]

Malabar Gold 24k 999 Purity 3g Coin Pendant

Buy 999 Purity 3 Grams Laxmi Impression Gold Coin Pendant PDLX999P003G online.

www.malabargoldanddiamonds.com

What about such pendants ? Now a days, its a small loophole in amazon, by selling pendants inplace of coins

aware of the loophole on amazon but on Malabar website, these pendants are listed under Gold Coins catalogue so I dont think we would be getting benefit of reward multiplier

 

[Deleted member 9785]

gold price are increasing

 

[S.S.]

Been ordering gold since january/feb , started with monthly earning of 60k/month/card.

From april it went upto 85k/month/card till july due to myntra.

Overall i believe i have ordered gold roughly worth 8L/Card. Have around 5 Cards.

Have you ever done any rough analysis like how much you lost in rupees, eg difference between gold buy/sell price and since Myntra was anyway on the costly side on top of gold buying price. As well as the appreciation of that money had been put into equity or fd instead of gold. Considering the gold price in the time when this trick worked. If you do, then how much would you say was ur per airmile cost?

 

[hungryPanda]

Have you ever done any rough analysis like how much you lost in rupees, eg difference between gold buy/sell price and since Myntra was anyway on the costly side on top of gold buying price. As well as the appreciation of that money had been put into equity or fd instead of gold. Considering the gold price in the time when this trick worked. If you do, then how much would you say was ur per airmile cost?

I didn't do the exact calculations but i can share you a rough estimation on which it worked.

Myntra gold costed roughly 32k for 5gms which also gave me 1k super coins.

The 1k supercoins helped compensate for GST and roughly at worst case i had to bear a loss of further 2k at the gold.

So basically it was roughly 7.5k every 1lakh at worst case.

I earned 85000 points for the 7.5k loss which can be converted to 68000 miles. So it was roughly 11p/mile which i converted majorly to accor using which iphone can be ordered at some locations and which in return gave cash value of almost 90%.

When you are dealing in volumes 5-10% here and there is fine , considering the benefit was huge i didnt care much about minor variations of pricing at myntra.

Luckily at times due to competition between kalyan and bangalore refinery i did get good pricing for gold coins too.

 

[Deleted member 9785]

Gold tops Rs 64,000 per 10 gm; wedding demand takes a hit

The yellow metal touched Rs 64,200 per 10 gm on the Multi Commodity Exchange (MCX) in early morning trade, taking a cue from the international market. Silver, which is termed as a poor mans gold, also rose to a new high at Rs 78,331 per kg on the MCX. At around 4 pm, gold was trading a bit lower...

economictimes.indiatimes.com

GOLD ON FIRE