NE BUSINESS BUREAU
CHENNAI, APRIL 19
Kerala-based Kalyan Jewellers is offering its customers to take online route https://www.kalyanjewellers.net/ to purchase gold for auspicious “Akshaya Tritiya“, during lockdown, a release from the company said.
Due to lockdown, all shops and business establishments were closed up to May 3. This prevents people, who prefer to buy gold on this most auspicious day of the Hindu calendar physically.
In spite of lockdown enquires about purchasing gold this day of Akshaya Tritiya is increasing, as the auspicious day is just a week away. To enable the customers to invest in Gold, the Kalyan Jewellers has announced the launch of its Gold Ownership Certificate that can be purchased on the company website on or before Akshaya Tritiya.
Customers can purchase gold from 2 grams upwards, and the Gold Ownership Certificate will be sent to them on the day of Akshaya Tritiya via email/WhatsApp or any other customer recommended social media platforms.
The Gold Ownership Certificate will indicate that the person now owns gold of a certain grammage/value, thus fulfilling the tradition of Akshaya Tritiya – which is about buying gold on that auspicious day.
Once the lockdown is lifted, the customer can redeem their Gold Ownership Certificate against physical gold, in the form of jewellery or coins, on or before December 31, 2020. As the rate protection offer is also included in this certificate, customers get the additional benefit of protection against price fluctuations. If on the day of redemption, the price of gold is lower, then that rate will apply.
Speaking about this programme T S Kalyanaraman, Chairman and Managing Director, Kalyan Jewellers said, “This is the first time in decades that we are in a state of lockdown during the Akshaya Tritiya period. Over the past 25 odd years, we have developed a regular set of clientele who purchase gold on Akshaya Tritiya from our showrooms. It is a tradition that they follow every year. This time around, owing to the extension of the lockdown, our social media channels and customer relationship managers, are flooded with queries about purchasing gold on the auspicious day. This has prompted us to come up with a solution, to best service to our customers’ needs. While we know that this temporary solution of Gold Ownership Certificate is no match for the real thing, we are happy that we will be able to keep tradition going.”
While the brick-and-mortar showrooms will remain closed on Akshaya Tritiya, customers can avail this newly launched facility to purchase gold. This facility will be available on the company website from April 21.
Aspiring customers can simply log in, choose the city of redemption, and buy. The option of off-setting the Gold Ownership Certificate against jewellery of the same grammage/value might also be a very attractive proposition for families who had planned to buy some of their bridal jewellery on Akshaya Tritiya.
Kalyan Jewellers has also tied up with multiple banks to ensure that the customers extract additional benefits on their credit card purchases, the release added.
