How long will it take to recover the cost of buying gold in instalments?

Buyers purchasing gold through instalment schemes this Dhanteras should check interest and hidden processing charges. According to NDTV Profit, buying gold worth ₹1 lakh on EMI could result in over ₹32,000 in additional costs. Assuming an average annual gold price appreciation of 10%, buyers would need to hold the gold for at least three years to recover these costs.