Nov 01, 2014 10:35 AM
52081 Views
Recently the govt had announced that the jewellery shops have to close down the schemes they were running for purchasing monthly god with some sops offered like waiver of wastage or last month installment will be paid by the jeweler etc.
I had one such scheme in Khazana and when I went to close it I realized that the gold rate beiow my avg purchase price which is fate(i was fine with that) but what made me exasperated was the shop which originally promised a waiver of a certain wastage(as mentioned in the scheme) was now blatantly recalculating it in such a way that I would get even less gold in gms than what I had purchased paying a higher price. 9 out of 10 customers would un-suspectingly walk out accepting the shops calculation and I really feel for them. Unfortunately in India it is very hard to bring to books these SMEs who blatantly take customers for a ride.
I also did a quick comparison of their silver prices against GRT in T.Nagar for silver bars. What I found was although Khazana was advertising a board rate that was closer to the wholesale rate of retail silver per gm they were jacking up their dye/making charges so much that the total price in both place came the same! In fact GRT came out slightly less.
Watch out for such shops. They tend to take u for a ride in a subtle manner.
