New Delhi, Nov. 8 -- Many jewellers in India offer gold saving schemes to encourage customers to save towards purchasing gold jewellery. These schemes become particularly relevant during the festive season, especially around Dhanteras and Diwali, when making new purchases such as gold and silver items are considered auspicious and is traditionally associated with prosperity and good fortune.

A jeweller gold savings scheme is a structured purchase plan in which you deposit a fixed amount every month for a set tenure. At maturity, you can use the accumulated funds, along with scheme benefits, to buy jewellery.

The scheme benefits typically include a discount on making charges or a bonus added at the time of redemption. Unlike other invest...