RE: The 50% Gold Surprise

[finpulse]

Gullak made the entire process easy and good to know that you also find this all useful. Tbh I haven't checked their storage and liquidy policy but will try to go through. As far as I know they provide the flexibility to buy gold/jewellery or physical delivery whenever I want.

Comments

[theindianguy]

nice that they offer jewellery or physical delivery, that optionality is handy when prices swing. Before you go big, I'd skim the T&Cs for storage insurance, who the custodian is, audiit frequency, the buy sell spread, and any delivery or makng charges plus GST, small fees compound. If it stays clean, your automated SIP keeps doing the heavy lift :) mind sharing what delivery fees look like once you check?

[finpulse]

I got this information about gold coin delivery -

Whenever you place an order for gold coin delivery through Gullak, delivery and making charges apply based on the denomination you choose. For example, 0.1gm gold coin has ₹200 in charges, 0.5gm is ₹300, 1gm is ₹350, 2gm is ₹400, 5gm is ₹500, 8gm is ₹650, 10gm is ₹800, and 20gm is ₹1100. GST will NOT be charged again if you use your existing gold savings, but will apply for any new purchase. Once placed, coin delivery orders can't be cancelled. Delivery typically takes about 10-14 business days.