Over
the last year, India’s oldest and most trusted bullion portal Augmont, has
aggressively spread its distribution network deep into India’s smaller towns.
Through their app, Augmont has led the digital sales of gold and silver in
India. Now, the brand focuses on strengthening its offline distribution. Adding
to its existing network of over 5,00,000 retailers, Augmont has partnered with
Weizmann Forex to take its popular EMI product to more towns and villages
across the country.
Augmont’s
Gold-on-EMI is as ideal for those living in far-flung towns and don’t have
access to trusted sources for buying gold. All one has to do is to walk into
one of Augmont’s partner outlets, like Weizmann or Vakrangee, Ebix, Sahaj
e-Village, among others, and choose the gold product they want. There are
hundreds of contemporary designs in Pendants, Chains, Ear-Rings, Bangles,
Rings, etc. All of these are made of gold from Augmont’s self-owned NABL
accredited refinery and hand-crafted by Augmont’s designers who have ensured zero
wastage and maximum value for money. This gives Augmont 100% control over its
quality. All Augmont Coins comes in standardised 24Karat “999” purity and
jewellery come in standardised 22karat “916” purity, every piece of jewellery
is Hallmarked, so a customer is assured of purity. After
selecting the jewellery of their choice, the buyer has 2 choices, viz.
·
Make
100% payment and get the delivery within 4 working days; or
·
Pay
a 20% down payment and convert the balance 80% into simple EMIs of 3, 6 or 9
months
After the buyer
completes the EMI payments, the jewellery is delivered to his doorstep. If the
buyer so wishes, he can even pre-pay the EMI at any point and request for
immediate delivery. Since the price is fixed at the time of buying, the
purchase is secured against any rise in gold price.
Said Mr. Sachin Kothari, Director, Augmont, “Every piece of jewellery sold at Augmont’s
offline partner retailer’s outlet is made from gold that comes from Augmont’
BIS and NBBL accredited refinery. Our trusted partners such as Weizmann, Vakrangee, Ebix, Sahaj e-Village among others
help us reach the millions of Indians who can benefit not only from Augmont’s
Purity & Pricing guarantee but also from flexible payment options At these centres, they can buy Augmont’s
world class gold jewellery at live market prices, so they’re assured of the
promised value for their money. The EMI greatly helps ease the financial burden
that even a small gold purchase could bring them. Augmont is gradually closing
the gap between the cities and small towns, and we are sure the people greatly
appreciate it!”
Augmont’s
Gold-on-EMI has been doing well for over4 years now, contributing to
considerable percentage of its total gold sales. WeizmannForex joins Augmont’s
wide network of offline partners such as Vakrangee, Sahaj E-village, Ebix,
Quicksun technologies, etc. With them, Augmont’s Gold-on-EMI helps take the
benefit of quality, price and transparency to India’s deepest corners.
About Augmont
Augmont
is an integrated precious metals management company with operations in trading
of gold and silver coin & bar through its online platform, gold refining
and manufacturing of tamper proof packaged jewellery. Augmont has a turnover of
over 2.5 Billion USD which makes it one of the largest networks of bullion
dealers across India providing wholesale and retail level bullion delivery in
the spot markets through its online platform with 4000+ registered B2B clients.
The said platform is India’s first fully electronic over-the-counter (OTC)
delivery-based bullion-trading system and arguably the most successful.
Currently, Augmont has one of the largest gold& silver refinery in India in
terms of production capacity.
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