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Gold is old

In most schemes, where the monthly investment is a fixed amount, investors run the risk of the price of gold rising during the tenure of the recurring deposit

Harsh Roongta 

Recently, my spouse asked whether investing in a monthly gold deposit scheme with a jeweller made sense. I tried to dissuade her, but she went ahead anyway. However, after a couple of jewellery firms absconded with depositors’ money, she is now worried about whether it was the right decision.

On my part, I have full faith that the firm will, on maturity of the recurring deposit scheme, make available the agreed amount for the purchase of jewellery from their chain of stores. The company is run by one of India’s most reputed business houses and has robust financials. But I worry ...

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First Published: Wed, December 18 2019. 22:45 IST
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