NEW DELHI (Scrap Monster): Two leading gold jewelry firms- Satyug Gold Pvt Ltd and Tara Jewels Ltd have entered into a strategic partnership to promote a systematic gold accumulation plan. As per the deal, Tara Jewels is authorized to sell Satyug Mera Gold Plan (SMGP) to its customers and is also appointed as the official jewelry redemption partner.
SGMP is a gold investment scheme that allows systematic accumulation of gold grams by customers for their personal requirements. It enables customers to accumulate physical gold in small quantities on a monthly basis. The scheme is also unique in the sense that it has no lock-in period, storage charges or any other hidden fees. The scheme is also backed by IDBI Trusteeship as trustees and Brinks as safe keepers. The fully transparent scheme also offers competitive gold rates.
The partnership with Tara Jewels will enable Satyug Gold customers to redeem their accumulated gold in the form of jewelry at all Tara Jewelers stores across India. The strategic tie-up offers the customers a rare opportunity to redeem the gold purchased through the scheme with extensive range of fine jewelry from any of the 24 showrooms spread across 22 cities in Northern, Central and Western India.
Satyug Group is a Gold Bullion & Jewelry company that is involved in precious metals refining and selling of specially minted 24k 999 pure gold coins. Incorporated in 2001, Tara Jewels Ltd is an integrated player that designs, manufactures and retails gold jewelry.