Online also they price gold 8-9% higher. Making charges + margins. The online price is inclusive of it. This 8-9% you won't get back when you sell your gold
After some self research I found out that we have to take min 15% loss if ee buy and sell immediately. So not worth it. Here is the breakup
8-9% making charges
3% GST
3% lower buyback price if you want cash. Jewelers offer buyback at 100% of base gold price only if you exchange it
And not...
I was thinking about using the Amazon Vouchers purchased from Credit Cards fo buy Tanishq vouchers or vouchers of some other jeweller. Then I would use those vouchers to buy gold coins.
Is it a viable option?
I have a few queries
1. Do I get rate that matches the market or is at most 5%...