Retail in Asia

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India’s gold jewellers offer instalment relief

High gold prices have been a deterrent for many buyers for some time. Consequently, imports have dipped sharply in the past couple of quarters.

No wonder, Rajni Kumar, a resident of Mumbai’s western suburbs, was relieved to read advertisements by jewellers to join a gold savings scheme and get instalment payments waived.

For instance, Delhi-based P C Jewellers (PCJ) is offering two instalments free to the customer (the maximum), in its "Jewel for Less" scheme. Similarly, Tribhovandas Bhimji Zaveri (TBZ) and industry leader Tanishq pay one instalment to customers in their respective schemes.