GLIMMER PRIME

GLIMMER PRIME

With Glimmer Prime, you save for 10 months and we pay the 11th installment for you. It is a straightforward monthly gold saving scheme where your commitment is matched with a genuine contribution from our end — no conditions, no gimmicks.

GLIMMER PRIME

Each month you save, your payment is recorded against that day's 22k gold rate. When you are ready to purchase, your applicable rate is the average across all 11 payment dates — including the month we contribute. So instead of buying at whatever the rate happens to be that day, you benefit from a rate built up steadily over time.

Term Duration:

10 monthly payments from you. We add the 11th. Minimum monthly installment: ₹500.

Benefits :

A free bonus installment from Arabian Gold & Diamonds, plus a purchase rate averaged across all 11 months — not the rate on a single day.

Redemption :

Choose your jewellery from our collection and redeem within 365 days of your scheme start date. Closing the scheme early means forfeiting our bonus contribution.

TERMS & CONDITIONS

  1. Glimmer Prime is a monthly gold installment scheme. Customers make fixed payments for 10 consecutive months. Arabian Gold & Diamonds credits an equal 11th installment on the same date it would have fallen due.
  2. The minimum monthly installment is ₹500. There is no upper limit on the amount.
  3. Cash payments are accepted up to ₹10,000 per month. Payments above ₹10,000 must be made via NEFT, RTGS, or UPI.
  4. As per government regulations, combined cash deposits across multiple accounts cannot exceed ₹1,99,000.
  5. The gold rate applicable at purchase is the average prevailing 22k gold rate across all 11 payment dates, including the company's bonus installment date.
  6. No making charge waiver is available under this plan.
  7. Purchases are permitted only after all 11 installments, including the company's contribution, are complete. All purchases must be made within 365 days of the scheme start date. Accounts not redeemed within this period will be considered lapsed.
  8. 916 HUID hallmarked gold jewellery is eligible for purchase under this plan. Gold coins, diamond, platinum, and other high-value jewellery are not eligible.
  9. Stone charges and Value Addition (VA) charges on jewellery exceeding the accumulated gold weight or value will apply.
  10. Jewellery customisation is not available. All selections must be made from in-stock items at the time of purchase.
  11. This plan cannot be combined with any ongoing promotional offers or discounts.
  12. Customers who close the scheme early or miss regular payments will forfeit the company's 11th month bonus. The accumulated customer payments may be used towards an immediate purchase without plan benefits.
  13. A payment receipt must be obtained for every installment. Receipts can be issued via WhatsApp (+91 98950 64916) or email (care@arabiangoldanddiamonds.in) for UPI and bank transfer payments.
  14. Customers opting for a passbook must present it each month and submit it at the time of jewellery purchase.
  15. Loss of passbook or change of address must be reported promptly. KYC documentation will be required for replacement.
  16. No withdrawals or interest on advance payments. Cash refunds are not permitted under any circumstances.
  17. Valid identification is required at account opening and at the time of purchase or redemption. Customer signatures will be verified upon jewellery delivery.
  18. GST will be applied as per prevailing government regulations.
  19. Arabian Gold & Diamonds reserves the right to modify, add, or remove any terms and conditions as deemed necessary.
  20. All disputes are subject to the jurisdiction of the Ernakulam High Court.