This festive season ICICI Bank has introduced special offers for those who purchase gold from them. You can get decent discounts from ICICI Bank if you wish to buy gold through either credit card or debit card.
We all know that we Indians are fond of gold and these banks have utilized this weak point and have targeted us even selling golds through their branches.
ICICI Bank has been selling Pure Gold, which is claimed to be 99.99% pure by them. And I suppose it should be too. They clearly knew that we Indians tend to buy gold in large numbers during these festival season and hence introduced this discount offer on buying gold from them.
The discounts are as follows, you will get Rs. 200 as discount when you buy 5 gm gold, Rs. 300 on 8 gm gold, Rs. 750 on 20 gm gold, and Rs. 1500 on 50 gm gold coins.
This offer is valid till December 31, 2007.
I personally feel that gold as an investment option is a great idea since the prices of gold have skyrocketed in the very recent past and every investment made in gold is a worth of it. Buying gold jewelleries as an investment option is worthless since they attract a rather high making charges and wastages, which would rather nullify our profit when you try to sell it later. Hence buying gold as coins or bullion is a better option, as there is no fuss such involved when selling the same.
Since they are offering a good discount, which in turn can be made up as further savings, you can take this opportunity to buy gold at these discounted prices and benefit from it. But remember if you are buying it through credit card, try to repay your whole amount rather than paying only the minimum amount on this investment, else the purpose of investment will be take a beating since you will be ending up paying more as an interest than the savings through gold.
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