Tata Neu Rewards League - April 2024.. rewards upto ₹15K. - NO LTF Tata Neu CC offer this year..

[SSV]

Another Superb Deal from Tata Neu this year as well, for the TATA IPL season 2024....

However, there is no LTF offer for Tata Neu Cards.. unlike last year.. It seems they must have got enough Cards in their books..

More details about this years' Rewards League soon...
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--Edit New details added...
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One Most commenly used, use-case scenario:

EDIT: --
The numbers metnioned here are higly variable in nature, depending upon the options you chose to fit your spending pattern..
The outcomes may vary hugely depending upon options.. YMMV !!

 

[moneyMaker]

15% if you followed steps 1 to 4. 26% with step 5

i didn't sell, I kept the gold, so I ask again how much discount I got. or you are saying even if I sidn't do 4, just 1-3 and 5, I got 26 off net?

 

[aam.aadmi]

i didn't sell, I kept the gold, so I ask again how much discount I got. or you are saying even if I sidn't do 4, just 1-3 and 5, I got 26 off net?

Yes, 26% on the Tanishq jewellery price. Your actual discount on only the metal (gold) is 2283/14138 = 16%

 

[SSV]

Sell item in Tanishq store @ ₹14,138. Profit = ₹283

How did you get this rate ?

 

[sm9811911]

i didn't sell, I kept the gold, so I ask again how much discount I got. or you are saying even if I sidn't do 4, just 1-3 and 5, I got 26 off net?

Sir please calculate discount on actual gold rate and not on the listed price.

Yes, 26% on the Tanishq jewellery price. Your actual discount on only the metal (gold) is 2283/14138 = 16%

bhai maza aagya aesi calculation dekh ke. Aap insurance policy toh ni bechte as a side business.

 

[aam.aadmi]

How did you get this rate ?

Check the screenshot with the price breakup. It's the value of the metal (22K gold)
Tanishq will buyback the item at this rate (metal weight x today's 22K gold rate). You lose the making charges & GST

 

[aam.aadmi]

Sir please calculate discount on actual gold rate and not on the listed price.

Actual discount on only the metal (gold) is 2283/14138 = 16%

 

[SSV]

that was value Tanishq assigned to the metal on that day.. I don’t think it is reflecting the real market value for 22k gold on that day…

My question: have you done this before exchanging with Tanishq before?

 

[SSV]

that was value Tanishq assigned to the metal on that day.. I don’t think it is reflecting the real market value for 22k gold on that day…

My question: have you done this before exchanging with Tanishq before?

Check the screenshot with the price breakup. It's the value of the metal (22K gold)
Tanishq will buyback the item at this rate (metal weight x today's 22K gold rate). You lose the making charges & GST

22k gold rate now hovers around 6778 per gram
Not definitely ₹7069…

These are not exact numbers .. they are ballpark figures

 

[aam.aadmi]

Divine Lord Venkateswara Pendant is OOS
Alternate options:
1) Divine Goddess Mahalaxmi Pendant @ ₹15,448
2) Divine Lord Ganesha Gold Pendant @ ₹15,200

 

[aam.aadmi]

22k gold rate now hovers around 6778 per gram
Not definitely ₹7069…

These are not exact numbers .. they are ballpark figures

Yes, Tanishq's gold rates are way higher than market/bullion rates. But whatever is their gold rate (as displayed on their website + store billboards), they have to buy & sell gold at that rate only

 

[vine]

IMO,
the whole buying and selling gold itself is a big scam and we Indians all love falling for it.
Simplest is to buy the standard 50gm biscuit/coin. But we all (including my family) prefer to give making charges at both buying and selling , plus many other * charges, which essentially destroys the profit.

Only the goldshop earns money in all this. Not a bad thing, but doesn't make sense to me as a customer.

 

[sm9811911]

Actual discount on only the metal (gold) is 2283/14138 = 16%

Try again.. Gold price around 6.8k 1gm 22ct. Now calculate what are you getting and what is the discount?

 

[SAS]

how to get tata neu infinity if i already have tata neu plus ... how to upgrade manually ?

 

[aam.aadmi]

IMO,
the whole buying and selling gold itself is a big scam and we Indians all love falling for it.
Simplest is to buy the standard 50gm biscuit/coin. But we all (including my family) prefer to give making charges at both buying and selling , plus many other * charges, which essentially destroys the profit.

Only the goldshop earns money in all this. Not a bad thing, but doesn't make sense to me as a customer.

Try again.. Gold price around 6.8k 1gm 22ct. Now calculate what are you getting and what is the discount?

Perfectly agree.

Anyway, my intention was to help Tata NeuPass members get the Jewellery Lover badge for free and help in obtaining the required 5 badges for the bonus 2000 NeuCoins, and not make a profit trading in gold. Readers are free to exercise their discretion

 

[Sriim]

IMO,
the whole buying and selling gold itself is a big scam and we Indians all love falling for it.
Simplest is to buy the standard 50gm biscuit/coin. But we all (including my family) prefer to give making charges at both buying and selling , plus many other * charges, which essentially destroys the profit.

Only the goldshop earns money in all this. Not a bad thing, but doesn't make sense to me as a customer.

I get your point. I used to think this way as well. Investing in gold by buying jewellery is a poor option. But it's not seen primarily as an investment option, but also for decorative purposes. In that case, we can't generalise profit/loss, it depends on use case scenarios

 

[vine]

Perfectly agree.

Anyway, my intention was to help Tata NeuPass members get the Jewellery Lover badge for free and help in obtaining the required 5 badges for the bonus 2000 NeuCoins, and not make a profit trading in gold. Readers are free to exercise their discretion

Sorry, I was ranting about the general gold-loving populace of India.
If you see something profitable/sensible, then you are free to pursue it, or not.

 

[SSV]

Yes, Tanishq's gold rates are way higher than market/bullion rates. But whatever is their gold rate (as displayed on their website + store billboards), they have to buy & sell gold at that rate only

Just now called Tanishq local shop in Hyderabad
The going rate of 22k per gram is 6678..
This is what we are going to get if we exchange it right now..
I asked him about why the online store rate is 7060 . He clearly said online rates are different to store rate...

So we are going to get 2*6678 = 13,356 ..
We need to calculate returns based on this..

and also I am not sure if they deduct raxes and making charges again from this sum...

 

[vine]

Sorry , am ranting again here, and not judging anyone.

Buying/selling gold for a profit is subjective and lots of things change a lot of the time.
There IS a lot of arbitrage and none of it will be in our favour, and it's not transparent at all.
Tata/other big jewellery companies tried to streamline it (and also capture the market from your neighborhood goldshop). We did get the 916KDM rule , and lot of gold market did get captured. But they are part of the problem now.
I recall a quote about the casino business, something like "The house always wins". It's like that with gold merchants too.

 

[moneyMaker]

gold intna bhi dil pe nhi lena tha.

Actual discount on only the metal (gold) is 2283/14138 = 16%

even 16 is not bad, credit glitching the matrix, devaluation incoming?

 

[moneyMaker]

Sir please calculate discount on actual gold rate and not on the listed price.

listed price pe 26??? tanishq ko bankcrupt karne ja rha main.