r/GoldIndia

Long story short I am moving to the US with my family and we have some gold Jwellery which we want to sell as traveling with it will be a hassle and we can use the money to buy the gold later or invest in something else. it's about 400-500g (18-22k). The problem is I don't want to sell it to the gold to cash people as they are asking for pan and stuff which is a hassle. I can provide my id but don't wanna get involved with IT.

The only comparable experience I've is purchasing high value electronic item from FK/Amazon.

So does Bhima send an OTP which has to be shared at the time of delivery with the delivery partner, like an open box delivery?

Is the return pickup via bluedart? Do they accept partial returns (I ordered 2 items)?

When does the 10K voucher for higher purchase amount get sent, is it with the order, or afterwards?

I know it's a small difference but this is my first ever Gold ornament purchase so just want to understand how it works.

i have around 100 gram ancestor jewellery and local jeweller will take it @ 80% purity i want to invest that amount in mutual funds now
i have no bills no receipt since its very old gold
how much tax i need to pay on it ? as i waana invest whole amout in mutual fund now

Tested my coin with the plastic on in tanishq it showed the purity to be 23.9
But my coin is that of 999.9
i do not understand

I have a gold loan of 17 lakh under Muthoot finance since last 8 months and each month I time to time paid interest and all and I don’t have any issue with their staff or management but due to various fluctuations in gold prices since last 3-4 months, the schemes they offer for rate of interest were high and very low funding rate,so I decided to transfer my loan to another psu bank or nbfc for better ROI and funding rate.

Since 21st June I am requesting their staff to please apply for my loan repayment request and they told me it’s month end and quater end, we can’t process now, than on 22nd I said if you are unable to resolve this issue at branch than I will be approaching your grievance redressal officer via email for approval of my loan repayment than they said 25th we will do, I thought fine, but due to their delay I lost my good funding rate as on 24th in US market gold prices crashed, and by 2 pm(which was late), they gave me there RTGS details and VAN but due to bank inefficiency, my RTGS was also not processed due to which on 25th too, my loan repayment delayed and next day 26th was government holiday, than Saturday and Sunday both days bank was closed.

So on Monday 29th, I again approached them for loan repayment and they said ma’am our nbfc doesn’t approve on Monday, I asked why but they didn’t gave me definitive answer and said next would be done on 1st July, so I said I would be doing loan repayment on 1st but you have to promise me waiver of the interest of all the days caused by your delay, branch manager agreed to do so. So on 1st I approached again, they said loan repayment is accepted but waiver is not on the table, I said but you promised me, she said it doesn’t happen, I said I will be approaching you seniors regarding this, she said I will give you waiver but you can’t digest it( pachega nahi / a Hindi slang).I pointed out her use of such terminologies and said I will pay complete interest on my own but process both of my and my daughter’s loan repayment as I am not going to have any transactions with your nbfc and send me email why you were unable to process loan repayments request on 29th and 30th June, she didn’t give me approval of my daughter’s loan and also never send me email, I agreed on not causing a scene at that time, because each day I have to pay 200 rupees more interest on each loan. So thought first I will transfer than will start with enquiry.

Then on 2nd I requested for loan repayment of my daughter’s loan and on Friday I.e. 3rd July but again said that on 3rd we can’t proceed as that day they don’t get approval. I said I would be doing on Saturday but send me a written formal email from your official email regarding reason for unable to approve my loan repayment request, they didn’t gave me one. And on 4th I got approved and that day for loan closure, even after complete transfer of money,they made us wait for one hour and 45 minutes, till 6pm in their branch and didn’t gave me statement of accounts and loan closure slip till yet and said it will be furnished on Monday as it takes 2-3 days and when I requested picture atleast of loan closure, they didn’t send me one till yet.

Today, on 6th July, I will be escalating this matter, kindly guide me how do I do it and what things can I ask to them and also most of the above things have went through WhatsApp chats, so I have proof too

Hey everyone,

I recently ordered a jewelry chain online from GRT Jewellers, but I no longer want the product and need to cancel it. When I contacted their customer support, they told me that cancellation is not possible over 1 lakh order. So today I'm I'm getting the delivery, what should I do? Can I refuse it? In this way will I get my refund back? Can anyone suggest me? Thankyou!

Hello everyone!!

I will probably get married within a year, and already started planning gold for me. Im all set with neck pieces and earrings, but I want some real suggestions regarding bangles. I have 2 choices:

1. Get nice function wear bangles which I can wear for my wedding.
2. Get regular wear bangles that I can wear daily after marriage. (Given the women in India are expected to not be bear hands specially after marriage).

With the budget I have I cannot get all 2 kinds. So need suggestion — what to prioritise — regular wear bangles for everyday after marriage or good wedding wear bangles ?

Also whoever wears regular wear bangles, pls I would also want to know how much weight can 1 bangle come in.

I wanna stack some more coins

Hey all, new to gold purchase. is it better to buy a mens ring of upto 5g at 0va instead of buying 5g coin in blinkdeal?

My logic is coin for investment will still have some va . Ring at 0va, i can also wear sometimes for occasions.
Mens ring anyway doesn’t have a lot of designs so i am okay with bhimas 0va rings.

If anybody thinks coin is still better with minimal va, please help me understand. Thanks.

I had 4L in the starting of this month.
So far, I did a top up of 1L to an RD.
And 87K spent on Bhima (0% VA, small jewellery items)
I have monthly expenses (+ regular investments) of 70k as well.

Now for other 2L I can either buy gold bangles rn (5-6 grams each) from Bhima and this month I will survive on Credit card.
Or I can put the amount in Bonds or FD.
I read somewhere that the gold prices are gonna go down for next few months, of course no one can know for sure.

I will have another 5L + salary next month (one of my RD is maturing, it's my emergency fund). So I will be fine by then.

Oh and I bought 44K worth of jewellery from Caratlane as well through credit card (18kt, 3.5gms).

My questions are:

1. Is 22kt 6gm bangle a good purchase? Would it be too soft to wear it?
2. Should I put almost all the amount in gold like that?