Introduction

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The Shiva SUVARNA SANGRAHA Bullion Scheme reflects our commitment to making the gold accumulation simple, secure, and accessible for everyone. Rooted in the values of tradition, trust, and transparency, this unique plan enables you to systematically accumulate pure gold through easy monthly contributions. Whether you're saving for a special occasion or investing for the future, SUVARNA SANGRAHA offers a reliable and rewarding path to owning gold, one gram at a time.

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The SUVARNA SANGRAHA Scheme offers a flexible and trustworthy path to gold ownership

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Who Can Join

• The scheme is only for gold bullion investments.

• Open to anyone investing a minimum of 1 gram of gold or in multiples of 1 gram.Gold Price * & Payments

• Gold is purchased at market prices, set daily at 12:00 PM by Shiva Jewelers (Tuesday to Friday).

• Friday’s price applies to Saturday and Sunday. As the market remains closed over the weekend.

• Price may vary depending on your mode of payment.

• Pay conveniently via check, wire, cash, Zelle, debit, or credit card.

 

Making Purchases

• Buy gold any day the store is open, multiple times per day.

• An invoice is issued after each purchase, and a scheme statement is shared once payment is processed.

 

Using Your Contributions

• Contributions not yet converted to bullion can only be used for gold bullion.

• Cannot be used for gold jewelry, diamond jewelry, silver, or other products.

 

Redeeming Gold

• Redeem your gold in bars (available in 1g, 2g, 2.5g, 5g, 10g, 20g, 31.1g, 50g, 100g), subject to availability.

                                                                                                                                          

 

Premium Charge*

• A premium charge applies when grams are redeemed for bullion bars.

  • Premium: An additional charge over the gold price to cover refining, minting, handling, and dealer margin.

• Premium is set daily at 12:00 PM (Tuesday to Friday). Friday’s premium applies for Saturday and Sunday. As the market remains closed over the weekend.

• Price may vary depending on your mode of payment

• Pay Premiums conveniently via check, wire, cash, Zelle, debit, or credit card.

 

Non-Refundable & Non-Transferable

• Accumulated grams cannot be refunded in cash or transferred under any circumstances.

 

Inactive Accounts

• If no contributions are made for 6 consecutive months, the scheme may be deemed inactive and cancelled at Shiva Jewelers’ discretion.

• The accumulated value until the last payment will be converted into gold bullion equivalent.

 

Customer Verification

• Shiva Jewelers may verify your identity at enrolment, during contributions, or at redemption using SMS, OTP, ID documents, or other methods.

 

Changes & Disputes

• Shiva Jewelers may update these Terms & Conditions at any time.

• In case of any dispute, Shiva Jewelers’ decision is final and binding.

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* Soon we will link the Gold and Premium price to the live spot price of the market for even greater transparency.