Malabar Gold & Diamonds introduces gold rate protection offer

Dubai: Malabar Gold & Diamonds introduces a gold rate protection offer, enabling customers to secure gold rates by paying a 10 per cent advance. Additionally, early bookings made by October 22 receive a Dh100 diamond gift voucher.

This offer permits customers to block gold rates until November 12, safeguarding against potential rate increases, the retailer said in a statement on Thursday. If rates rise, customers retain the blocked rate; if rates fall, they benefit from the lower rate. With the festive season approaching, this offer simplifies jewellery shopping by eliminating concerns about fluctuating gold prices.

“Festive season is just around the corner with the next 6 months being all about festivals, celebrations, and weddings,” said Shamlal Ahamed, MD-International Operations, Malabar Gold & Diamonds. “Jewellery shopping is an integral part of this season and we want to ensure our customers get to maximize the benefits during this key shopping period, which is why we have introduced the offer.”

“Through this, our customers needn’t worry about the increasing gold rates as they are assured the low gold rate during purchase.”

The offer applies to all Malabar Gold & Diamonds stores, with advance payments accepted in-store or via their mobile app. The gift voucher is redeemable before November 12 at any Malabar Gold & Diamonds store in the issuing country. The gold retailer also recently introduced a policy offering 100 per cent value on diamond exchange, enhancing diamonds as an investment option akin to gold.