Gold Scheme Calculator
Calculate how much gold you accumulate through a monthly jeweller savings scheme, including the jeweller bonus benefit.
Scheme Summary
Enter your monthly installment and scheme details to see results.
How Gold Savings Schemes Work
Gold savings schemes offered by jewellers allow you to make small regular payments over several months. At the end of the scheme, you use the accumulated amount (plus any bonus) to purchase gold jewellery from that jeweller.
Typical Scheme Structure
- Duration: Usually 11 months, with the jeweller contributing an amount equal to one month's installment as a bonus
- Purchase: At maturity, you redeem the total value for gold jewellery or coins from that jeweller
- Flexibility: Some schemes allow you to choose the gold rate at which you redeem
Total Paid = Monthly × Months
Bonus = Total Paid × Bonus %
Total Value = Total Paid + Bonus
Gold Quantity = Total Value ÷ Gold Rate
Bonus = Total Paid × Bonus %
Total Value = Total Paid + Bonus
Gold Quantity = Total Value ÷ Gold Rate
Important: Assumptions in this calculator: the bonus is calculated as a percentage of total paid. Check your specific scheme terms for exact bonus structure. Results are estimates only.