Know these 6 watchouts before opting for gold jewellery schemes this festive season

If you are buying gold by weight, you can benefit if gold prices rise, but given the high prevailing rates, it’s unlikely to happen. As top jewellery brands come out with festive discounts, they also continue to offer advance payment plans— an easy way to amass money and buy jewellery. ET Wealth finds out all about these schemes and the downsides you need to know of before opting.

The festive season of an otherwise not so celebratory year is here, as are tons of festive season deals, offers and discounts, which are heavier this time to give a push to consumers’ low-laying demand. Goodies such as gold and jewellery are symbolic of the festive season cheer in India. As top brands like Tanishq by Tata Group, Joy Alukkas and others launch their respective festive discounts, they continue to offer their advance payment plans—

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