India, August 20, 2014: Satyug Gold Pvt Ltd announces its latest Gold Plan “Satyug Mera Gold Plan’ wherein customers can buy gold from just Rs.50/- a day. A gold plan which comes with the guarantee from IDBI Trustees & Brinks as safekeepers, this gold plan is an absolute safe and secure way to purchase gold. It is the first gold plan in the market with complete transparency and no hidden cost at competitive pricing. Satyug Gold has tied up with some of the best regional commodity distributors to make gold accessible to every household and has a pan India presence. All due diligence and back office for Satyug Gold will be managed by Karvy Computershare.
Satyug Gold has signed long term sourcing contracts with mines in South Africa, Ghana and Peru for consistent supply of gold directly from the mines through their own refinery in India; this will keep the pricing competitive and lower than other jewellery brands. Satyug Gold is aiming for 2 lakh customers. Currently customers can invest in the plan either online or through their 600 distributors, which is in tie-up with Karvy Computershare spread across the country and are aiming at 5000 distributors by the end of this financial year through tie ups with cooperative banks.
“It gives me great pleasure to launch the Satyug Mera Gold Plan, a smart and efficient way for the people in India to buy gold in a systematic manner. Our key features are unique and we have our own consistent supply of gold direct from the mines through our own refinery in India that keeps our pricing very competitive. Along with my team we have spent days and nights in putting together a plan that is regulatory compliant, efficient and effective for the consumer. Welcome to the satyug mera gold plan.” Says Ceo Raj Kundra
“Gold has always been an important part of our culture and a safety haven when markets become turmoil. We have seen Gold give good returns in the past years and above all is a very liquid asset. Now through my company Satyug I introduce ‘Mera Gold Plan’ making gold buying much more affordable, easier and 100% safe. I thank IDBI and Brinks for tying up with us in this innovative Gold Plan initiative and look forward to a long association” Says Chairperson Shilpa Shetty Kundra
“We are associated with Satyug Gold Private Limited as Trustees”-Said Subrat Udgata, VP, IDBI Trusteeship Services Limited
“We are pleased to be associated as a strong front office and back office service provider for Satyug Gold. We believe that our pan India network
coupled with a strong technology platform would help provide a high level of
customer service for their investors. We wish Satyug Gold the very best” –
said V Ganesh, CEO of Karvy Computershare Pvt Ltd
Satyug Mera Gold Plan (SMGP) is offered by Satyug Gold Pvt. Ltd. (SGPL), a Shilpa Shetty Kundra venture, to enable systematic accumulation of gold grams by customers for their personal requirements. SMGP enables customers to accumulate physical gold in small quantities on a monthly basis through the benefit of “Monthly Rupee Average Pricing”. We have our own state-of-the-art gold refinery in India and are able to deliver the most competitive gold prices because of our direct mine to consumer setup.
Key Features of SMGP:
• Buy Gold from just 1000/- a Month
• No Lock in Period
• No Storage Charges
• No Hidden Fee’s
• 100% Safe and Secure
• Pure 24k Satyug Gold Coins
About Satyug Gold:
Satyug Group is a Gold Bullion & Jewellery company promoted by Bollywood actor/entrepreneur Shilpa Shetty Kundra, a reputable star who stands for trust, honestly and above all loyalty to her work and fans. Satyug in Hinduism is the “Yuga (Age or Era) of Truth”, when humanity was governed by Gods, and every manifestation or work was close to the purest ideal and rooted in goodness. This era was also referred to as the “Golden Age”. Where a commitment was a commitment and was honored at any cost. That is exactly what our philosophy is at Satyug Gold. The company business can be divided into Precious Metals Refining and Affordable Designer Jewellery, Satyug Gold Coins and Gold Bullion. Satyug Group owns Auptag Refinery Pvt. Ltd. the name is short form of Gold (Au) Platinum (Pt) and Silver (Ag) that come together as Auptag Refinery Private Limited. This new state of the art precious metal refinery is set up at New-Panvel with a refining capacity of more than 1.5 tonnes/month. Satyug Gold brings to you a collection of Designer 22k Gold, 18k Diamond and Silver Diamond Jewellery exclusively designed by Shilpa Shetty Kundra. Shilpa will be designing regular new ranges for the company. Satyug Gold also sells its own specially Minted 24k 999 pure gold coins available at the very best prices. Available in 1 g, 2g, 5 g, 10 g, 20 g and 50 g weights.
For : IBC NEWS.
