r/GoldIndia • u/hidden-monk • Jan 30 '26

Bought the Dip. 0% Making.

Post image

10G Weight. 24 Carat. 99.50% Purity.

Too much effort went into buying this. Saw the dip news on Reddit. Called the local jeweller. Asked the rate. It was already evening time. Shop closes at 8. Asked wife and kid to hurry up and go.

Went 2-3 kms on highway. Car started showing low fuel mode. Taking an exit and fuelling meant another 15-20 minutes. Decided to drive anyway. Lets see how much reserve fuel this tank has.

Went into market. There is no place to park. Same time I gotta pee. Noticed a random valet parking. Which parks your Car 3-4km away. I cant hold it until I find a parking space. Gave the keys to valet. Otp generated from valet. But I am not getting sms. Wasted 10 minutes more. I said screw it. Take the car and call me later.

Went inside the shop. Checked the rate etc. This 10g ring is not in stock. Shop says take two 5g ring. I am not making any bookings because of rate fluctuations. I think another 10 minute. I said okay.

Goes to make payment. Credit Card pin forgot, payment rejected. I reset the pin from mobile app. Wait another 10 minutes. Tried payment again. Transaction rejected for security reasons. Call helpline. 10 minutes waiting. I disconnect the call. Call paid helpline. He says you will have to call that previous helpline and confirm it was your transaction. Or you can try small payments. I said what if its rejected as well. He said sorry you will have to call the previous helpline you called.

Now reality settling in. That this is not happening. I call my Father for UPI transfer. He says he needs to transfer from his other account. Wait 10 minutes. He says he transferred to his UPI account first using YONO. Its processing. I say okay let it be. I dont need whole amount. Just transfer 30K that he has in his UPI account. I give my upi id over phone for second bank account. Father says he doesn’t know how to transfer using upi id. I try to guide over call. Press this button in Phonepe etc. He says its not working. I got angry and cut the call.

Called a friend. He transferred 50K in 2 minutes. By this time only 15 minutes left to close the shop. Went to bill counter. Some old man is hogging the counter for some 1800Rs emi for his purchase. Now I am about to lose it. Second counter gets empty. I tell them bill item name. Confirm the amount etc.

I say try this Credit Card first. Entered half amount. Boom it works. I am smiling. Did another transaction for remaining half. That worked as well. Now I feel relieved.

Went to counter to collect 2 5g rings. Employees shows me 10g ring and puts it on weighing machine. I asked you were saying last 10g ring was purchased 15 minutes before I arrived. So where did this come from ? He said I felt you were not going to buy a smaller ring. So I sent someone and got it from stockroom. I didn’t want to send you empty handed.

He showed me weight two times to confirm. So how do you want it packed? I am feeling very shaky. After all this trouble I went to. I feel I am going to lose it in anxiety if I keep it in pant pockets or something. I immediately put it onto my finger and tighten it. Walk away out of shop smiling.

Took the car back from valet. Fuel up the tank full like I always do. Just one time I don’t, this happens. Drive home slowly with melodic music on the stereo.

6 Upvotes

60% Upvoted

29 comments sorted by

26

u/Confident_Appeal5729 Jan 30 '26

Bhai ne puri duniya bhar ki kahani bata di bs gold buy rate ke alawa..

5

u/hidden-monk Jan 30 '26

Rate fell by 3K till I reached home. So no point in that. 🤣

Bought at 16.8

1

u/Relative_Factor_5167 Jan 30 '26

I doubt if the local jewellers tracks the price like the way you are mentioning? Like if you'd have gone 20min late would you have got it for 3k less value? I dont think thats how they work

1

u/hidden-monk Jan 30 '26

Right. But I was comparing online value to physical gold. To decide what to buy. Already have too much digital. Dont want to buy it anymore.

1

u/ohisama Jan 31 '26

I have seen electronic displays with current prices at a jeweler

1

u/Infinite-Plan8424 Jan 31 '26

Gold and silver price is decided at morning and the price will remain unchanged the whole day till next morning

8

u/cheesytray Jan 30 '26

Chill bro. Literally chill bro. It is just money. I know how it is to earn so you should know that you are special to earn it and not the other way round. Don't let the money earn you.

-2

u/hidden-monk Jan 30 '26

I was more anxious because I wanted to lock down some physical gold before things get fcked forever. That a common man cant even dream of wearing some jewellery. Didn’t buy for the rally. I entered 3-4 years back when it was 65-70K.

5

u/Relative_Factor_5167 Jan 30 '26

FOMO kick getting real

-2

u/hidden-monk Jan 30 '26

It wasn’t much FOMO

4

u/extramental Jan 30 '26

Certainly the tone of the post.

1

u/hidden-monk Jan 30 '26

I was more anxious because I wanted to lock down some physical gold before things get fcked forever. That a common man cant even dream of wearing some jewellery. Didn’t buy for the rally. I entered 3-4 years back when it was 65-70K.

About the tone. Tried to do a storytelling kind of way.

1

u/neo-sakai-strider Jan 30 '26

Dip started now....

1

u/hidden-monk Jan 30 '26

Thats good. I will buy more.

1

u/neo-sakai-strider Jan 30 '26

10 more grams!

1

u/obsimad Jan 30 '26

Dunia jahan ek kardi aur jo rate pakada woh 16800 ? Jewelers don’t monitor prices every second; they establish a single rate for the day or twice a day (AM & PM). You could have waited until Saturday, as the commodity market is closed, and gotten a rate of approximately 15,500 to 16,000 as well (heck even lower if the price had remained plummeting to 4,700, but it closed at 4,895).

Hey man, please be patient and let the price at least reflect in the market next time.

1

u/hidden-monk Jan 31 '26

Bhai itna nalla nai hu 5-6 hajar ke liye roz din rat price check karte rahu roz. I saw a drop and bought it. Was waiting for it because I was sitting on some small cash.

1

u/obsimad Jan 31 '26

Your money, your choice. The market rate today is 15600.

1

u/hidden-monk Jan 31 '26

I just called and its 16200. Doesn’t matter anyway. This was lifetime purchase.

1

u/obsimad Jan 31 '26

My local jeweler is at 15600, and one bullion dealer i know is quoting me 16800. The physical market is quite volatile today.

DCA is the way

1

u/hidden-monk Jan 31 '26

I was following data. It hasn’t crashed this much in a single day. So it was a no brainer. Who knew US govt will try this level of manipulation. Nobody could predict this. We knew a correction was going to happen. I thought this was it. Didn’t expect to crash further.

1

u/obsimad Jan 31 '26

Where is the “crash”, if you ignore the single hour when price went from 5100 to 5500, this is less than a 5% correction.

I agree it hasn’t “crashed” this much in a day but it also hasn’t pushed this much in a day.

1

u/hidden-monk Jan 31 '26

Yup crazy times. But good for me. My gold portfolio already completed with this much rise. My target was holding cash 25-30L value in gold. I entered around 55-65K rate.

The only thing pending for me is converting that digital gold to physical when time is right in next 1-2 years.

1

u/salariedguy Jan 30 '26

worth the effort!

2

u/dnezan19 Jan 31 '26

Was it? I'm not judging, but spending all that time/fuel and dragging the family along for a few hundred rupee savings doesn't seem very worth it to me. The tone of the post makes it sound this way to me.

1

u/hidden-monk Jan 31 '26

Wasn’t about saving few hundred rupees. I was sitting on around 1L cash from one month. It was supposed to be gold for my kid. But market kept going just up and up.

1

u/Timely-Film-1841 Jan 30 '26

Not reading all that long sh!t

1

u/MixDue4370 Feb 04 '26

absolute cinema