Chintamanis launches Gold Investment Purchase Plan

MUMBAI: City-based jeweller Chintamanis Jewellery has launched a gold-based investment plan for customers who are looking for a safe haven in a volatile investment environment.

"Gold prices are just going up. It is likely to touch Rs 21,000 per 10 gms of 24 carats by this Diwali and by next Diwali it might touch Rs 25,000. This is definitely good news for those who invest in gold and also for beginners," Cintamanis' Director Chintamani Kaigaonkar said at a press conference here.

The plan called the Gold Investment Purchase Plan allows buyers to invest Rs 2,000 per month for 24 months and get 24 grams of gold at the end of the tenure, he said.

Investors can take delivery either in the form of a bar or jewellery,he said.