Thursday, November 29th 04:13 PM IST

WGC, Reliance Money extend My Gold Plan

# WGC  # India gold  # Reliance Money  # My Gold Plan  

The WGC said it will tie up with 10,000 jewellers in the northern region of India, especially in Haryana and Chandigarh, to tap the Rs14,000 crore worth unorganized gold market there.

NEW DELHI(BullionStreet): Continuing it’s alliances with Indian company's to promote gold, World Gold Council (WGC) announced fresh gold accumulation plan with Reliance Money Precious Metals.

The WGC said it will tie up with 10,000 jewellers in the northern region of India, especially in Haryana and Chandigarh, to tap the Rs14,000 crore worth unorganized gold market there.

The 'Reliance My Gold Plan' offers customers the opportunity to start accumulating gold using a daily average pricing methodology.

A minimum subscription of Rs1,000 per month translates into accumulation of gold for as low as Rs50 per day. "The World Gold Council has successfully launched gold accumulation products in China and Japan.

The plan makes gold accumulation transparent and straightforward, allowing customers to convert accumulated gold grams into coins or jewellery at multiple outlets across India.

Reliance Money's distribution network and extensive experience in handling gold products in India makes them the ideal partner for us," WGC said.

"Reliance My Gold Plan aims to change the way consumers accumulate gold. North India accounted for nearly 15 per cent of total gold consumed in India last year. Most of this gold was sold through the unorganised sector," Reliance Money said.

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