These “Terms” and “Conditions of Use” (“Terms/GOLDNEST VISION360 PVT LTD Terms and Conditions”) constitute an electronic record within the meaning of the applicable laws. This electronic record is generated by a computer system and does not require any physical or digital signatures. These Terms shall be in addition to, and not in derogation of, any other terms as stipulated from time to time. By using this facility on the GOLDNEST VISION360 PVT LTD Platform, you are agreeing to and accepting these Terms.
Please read this privacy policy.
In these Terms, references to “You/you/Your”, or “Customer” shall mean the counterparty who transacts using the GOLDNEST Platform/Platform, being a natural person, buying Gold/Silver, redeeming Gold/Silver in the form of redeemable products, selling back Gold/Silver to GOLDNEST VISION360 PVT LTD. “Platform” shall mean, and include, the platforms (website, mobile apps, others) of GOLDNEST that the Customer accesses for the transactions, including all contents, services and technology offered through the Platform. “Service Providers” mean independent third-party service providers, and references to the “Seller”, “GoldNest”, “we/We”, “us” and “our” shall mean GOLDNEST VISION360 PVT LTD. “Customer’s Gold Accumulation Plan Account”/ (“GAP account”) shall mean gold accumulation plan account of the individual Customer identified through his/her GOLDNEST VISION360 PVT LTD account based on the registered mobile number present in records of GOLDNEST VISION360 PVT LTD. “Transfer” refers to a facility to transfer Gold/Silver from a GAP account to another Customer’s GAP account.
GOLDNEST VISION360 PVT LTD may revise these Terms from time to time and at any time. Such changes shall be effective when posted on the Platform and shall be deemed to be notified to the Customer. If you do not agree to be bound by these Terms and Conditions of Access and Use, as modified from time to time, you should leave the Platform immediately.
GOLDNEST VISION360 PVT LTD shall be entitled to collect and store relevant information and documents provided by the Customer. Further, as and when required by GOLDNEST VISION360 PVT LTD based on the government regulations, the Customer will be required to provide additional documents for fulfilling the KYC requirements. You authorize GOLDNEST VISION360 PVT LTD to make such enquiries as they may feel necessary to satisfy themselves about the validity of Your identity. You undertake to update us and GOLDNEST VISION360 PVT LTD in case of change of Your existing information or verification documents provided by You.
You agree to provide true, accurate, current and complete information about yourself as prompted by the Platform and maintain and promptly update to keep it true, accurate, current and complete. If You have reasons to believe that there is an error in the information furnished to GOLDNEST VISION360 PVT LTD, You shall immediately advise GOLDNEST VISION360 PVT LTD in writing and forthwith provide correct / updated information.
If you provide any information that is untrue, inaccurate, not current or incomplete, or GOLDNEST VISION360 PVT LTD has reasonable grounds to suspect that such information is untrue, inaccurate, not current or incomplete, GOLDNEST VISION360 PVT LTD has the right to suspend or terminate your account/GAP account and refuse any and all current or future use of the Platform (or any portion thereof) without any liability to you. You hereby undertake to indemnify and keep indemnified GOLDNEST VISION360 PVT LTD against any and all losses, claims, liabilities, costs etc. which arise out of or relating to Your failure to identify Yourself and validate Your account/GAP account promptly and/or due to incorrect KYC documents / information.
You can offer to buy Gold/Silver worth Rs. 1.00 (Rupee One Only) and above incremental value thereof at the live purchase price of Gold/Silver of 99.9% purity displayed on the Platform.
Payment will be accepted only through Your GOLDNEST wallet or other payment options made available on the Platform. At the time of purchase / redemption / sale-back / transfer of Gold/Silver, the relevant taxes will be chargeable as applicable as per the Government regulations.
At the time of redemption, the Customer can select redeemable product for redemption from the catalogue of redeemable products. These redeemable products will be hosted on the Platform. The list of redeemable products may be altered, changed and amended by GOLDNEST VISION360 PVT LTD from time to time at its sole discretion.
At the time of redemption in physical deliverable product form, the Customer will pay additional making and delivery charges and applicable taxes on the same. The redeemable product selected from the catalogue for delivery shall be subject to availability of stock with GOLDNEST VISION360 PVT LTD.
For each confirmed purchase of Gold/Silver by the Customer, GOLDNEST VISION360 PVT LTD will transfer the metal to the vaulting agencies and it will be held there, under the supervision of an independent trustee, till (a) sell-back by the Customer, (b) redemption by the Customer.
The Customer will have the option of redeeming and asking for physical delivery of the full or part of the accumulated Gold/Silver holding, in the form of redeemable products made available on the Platform from time to time. The residual fractional Gold/Silver remaining, upon redemption / transfer by You of the entire Gold/Silver holding, can be sold back by You to us at the live sell-back price of Gold/Silver of 99.9% purity and the corresponding amount against the residual fractional Gold/Silver sold by You will be credited in Your GOLDNEST VISION360 PVT LTD wallet instantly.
You need to pay the applicable making and delivery charges from Your GOLDNEST VISION360 PVT LTD wallet or other payment instruments made available on the Platform in order to redeem the redeemable product of Your choice.
Once the redemption has been initiated by You and payment received, then Your Gold/Silver grams will be debited accordingly from Your GAP account.
GOLDNEST VISION360 PVT LTD may also, from time to time in future, offer/permit the Customer to sell-back its Gold/Silver in fractions to GOLDNEST VISION360 PVT LTD at prevailing live sell-back price of Gold/Silver of 99.9% purity, during the offer period as may be announced / permitted by GOLDNEST VISION360 PVT LTD. The money against the fractional Gold/Silver sold by a Customer would be credited to the Customer.
Live purchase price of Gold/Silver will be displayed on the Platform and is subject to change from time to time. At the time You make a request for redemption / sell-back, the value of Gold/Silver or quantity of Gold/Silver to be redeemed / sold back will be displayed based on live sell-back price of Gold/Silver. The live purchase price of Gold/Silver and live sell-back price of Gold/Silver may vary and also may be different from that available in the open market and/or in any other retail outlet. Your offer may be rejected irrespective of whether an item has been earmarked/wish-listed by a Customer. In such an event, if You still wish to offer to purchase Gold/Silver or sell-back residual fractional Gold/Silver, You may make another offer at the changed price. GOLDNEST VISION360 PVT LTD disclaims any and all claims and/or liabilities arising from such non-acceptance of offer or revision in prices.
While availing any of the payment method(s) available on the Platform, GOLDNEST VISION360 PVT LTD will not be responsible or assume any liability, whatsoever in respect of any loss or damage arising directly or indirectly to the Customer due to:
GOLDNEST VISION360 PVT LTD may, at its discretion, prescribe maximum individual/cumulative limits for Customers to accumulate Gold/Silver or transfer Gold/Silver through this scheme from time to time, and reserves the right to refuse to accept orders exceeding such limit.
Any Gold/Silver lying in vault, and business deposit is non-transferable unless specifically allowed by GOLDNEST VISION360 PVT LTD. However, in case of death or insanity, GOLDNEST VISION360 PVT LTD shall transfer such Gold/Silver and advance balance to Your legal heir(s) after the required due diligence and Your legal heir(s) shall be regarded as the registered user thereafter.
The Customer will not be entitled to redeem the Gold/Silver if the zip code of delivery address is outside serviceable areas. At the time of redemption, the Customer will be required to provide full delivery address.
All redeemable products selected for delivery by the Customer for redemption shall be delivered within India as per instructions of the Customer through our / GOLDNEST’s logistics partner. All deliveries, where applicable, shall be made on a best-efforts basis, and while GOLDNEST VISION360 PVT LTD will endeavor to deliver the products on the dates intimated, GOLDNEST VISION360 PVT LTD disclaims any claims or liabilities arising from any delay in this regard.
The logistics partner will make a maximum of three attempts to deliver Your order. After three attempts, Gold/Silver will be delivered back to GOLDNEST VISION360 PVT LTD and the Customer will need to put in a fresh request for the redemption.
GOLDNEST VISION360 PVT LTD shall not be liable / responsible, in any manner whatsoever, for any loss / liability arising out of or relating to any technical failure / issue in the Platform and/or acts / omissions not attributable to GOLDNEST VISION360 PVT LTD.
Notwithstanding anything contrary contained herein, the service, the interface and API work, and their respective information, pricing and data, and availability are subject at any time and from time to time to human, mechanical, typographic, or other errors, oversights, mistakes, limitations, delays, service interruptions, including, without limitation, as may be due in whole or in part to, related to or arising out of (i) computer hardware and software, telecommunication and operating systems, databases, or business processes and procedures, other problems inherent in, or which may be associated with, the use of the internet and electronic communications including, without limitation, force majeure event, government / regulatory actions, orders, notifications etc. and / or acts and omissions of third parties etc. affecting or impacting the service, the interface or the API work, its information and data, or such communications. Customer acknowledges and agrees that GOLDNEST VISION360 PVT LTD is not responsible or liable whatsoever for delays, failures, or other loss due to, caused by or resulting from any such problems, in whole or in part. If your GAP account is over-credited or wrongfully credited / debited, then GOLDNEST VISION360 PVT LTD has the right to reverse / cancel without notice or require cancellation / reversal of such transaction at its sole discretion and debit / credit the gold/silver to / from your GAP account, as the case may be. GOLDNEST VISION360 PVT LTD shall not be liable for any wrong transfer of Gold/Silver by you to another GAP account (including but not limited to transfer to a different user / customer etc.) and the gold/silver grams shall not be reversed to you in case of an erroneous transfer and / or in case the transferee has already transacted the Gold/Silver transferred.
Upon GOLDNEST VISION360 PVT LTD confirming the purchase, redemption, sale-back of Gold/Silver in his / her GAP account by Customer, the order / request of Customer to purchase / redemption / sale-back / transfer, as the case may be, shall be binding on the Customer and cannot be cancelled.
The Customer shall inform immediately, in any case no later than [30] days of the transaction, of any irregularities or discrepancies that may exist in his/her GAP account, failing which it shall be deemed that there is no error or discrepancies in the GAP account. All records maintained by GOLDNEST VISION360 PVT LTD, in electronic or documentary form of the instructions of the Customer and such other details (including, but not limited to payments made or received) pursuant to the Terms, shall as against the Customer, be deemed to be conclusive evidence of such instructions.
The Customer understands and acknowledges that any purchase, redemption, sale-back or transfer from / to GAP account will be on instructions received by the Customer, and the Customer will not violate any applicable laws or regulations for the time being in force in or outside India. The Customer shall be responsible for complying with applicable laws in respect of purchase, redemption, sale-back to and from the GAP account including but not limited to the Prevention of Money Laundering Act, 2002, the Prohibition of Benami Property Transactions Act, 1988, Income Tax Act, 1961 etc. including amendments thereof. Customer also agrees and undertakes that he/she will not open any account/GAP account in the name of any minor. GOLDNEST VISION360 PVT LTD will not be liable in any manner in this regard. The Customer feedback pertaining to products shall be deemed to be non-confidential and non-compensatory in nature. GOLDNEST VISION360 PVT LTD reserves the right, at its sole discretion, to use such information for its internal purposes.
In the event of termination / expiry of GoldNest’s arrangement with GOLDNEST or otherwise at any point of time, GOLDNEST VISION360 PVT LTD and/or GOLDNEST may notify You to sell back Your Gold/Silver balance to GOLDNEST VISION360 PVT LTD or migrate Your GAP account to an alternative platform and continue with GAP account on such alternative platform (as decided by GOLDNEST VISION360 PVT LTD).
These Terms shall be governed by and interpreted and construed in accordance with the laws of India. The courts in Mumbai shall have exclusive jurisdiction in respect of any matters arising therefrom.
In the event any dispute arises out of or in connection with the Terms herein, including the validity hereof, the parties hereto shall endeavor to settle such dispute amicably in the first instance. The attempt to bring about an amicable settlement shall be treated as having failed as soon as one of the parties hereto, after reasonable attempts, which shall continue for not less than 15 (Fifteen) calendar days, gives a notice to this effect, to the other party in writing.
Waiver: Any failure or delay by GOLDNEST VISION360 PVT LTD to enforce or exercise any provision of these Terms, or any related right, shall not constitute a waiver by GOLDNEST VISION360 PVT LTD of that provision or right. The exercise of one or more of GOLDNEST VISION360 PVT LTD’s rights hereunder shall not be a waiver of, or preclude the exercise of, any rights or remedies available to GOLDNEST VISION360 PVT LTD under these Terms or in law or at equity. Any waiver of any provision shall only be effective if made in writing and executed by a duly authorized officer of GOLDNEST VISION360 PVT LTD.
Force Majeure: If performance under these Terms by GOLDNEST VISION360 PVT LTD is prevented, restricted, delayed or interfered with by reason of labor disputes, strikes, acts of God, floods, lightning, severe weather, shortages of materials, rationing, inducement of any virus, Trojan or other disruptive mechanisms, any event of hacking or illegal usage of the Platform, utility or communication failures, earthquakes, war, revolution, acts of terrorism, civil commotion, acts of public enemies, blockade, embargo or any law, order, proclamation, regulation, ordinance, demand or requirement having legal effect of any government or any judicial authority or representative of any such government, or any other act whatsoever, whether similar or dissimilar to those referred to in this clause, which are beyond the reasonable control of the GOLDNEST VISION360 PVT LTD and could not have been prevented by reasonable precautions, then the GOLDNEST VISION360 PVT LTD shall be excused and discharged from such performance to the extent of and during the period of such force majeure event, and such non-performance shall, in no manner whatsoever, amount to a breach by the GOLDNEST VISION360 PVT LTD of its obligations herein.
Absence of Relationship: You represent and warrant to GOLDNEST VISION360 PVT LTD that You have sufficient experience and knowledge to make informed decisions to purchase/redeem/sale-back Gold or Silver/Redeemable Products. You acknowledge that You are making all of Your own decisions in connection with purchases or redemption or sale-back and that You have not relied on any information made available by GOLDNEST VISION360 PVT LTD, and that GOLDNEST VISION360 PVT LTD is not making any recommendation with respect to such purchases/redemption/sale-back of Gold/Silver Redeemable Products. No relationship other than seller-purchaser, including, without limitation, any agent-principal relationship, any advisor-advisee relationship, any employee-employer relationship, any franchisee-franchisor relationship, any joint venture relationship or any partnership relationship, exists between You and GOLDNEST VISION360 PVT LTD. Further, these Terms do not constitute any agent-principal relationship, any advisor-advisee relationship, any employee-employer relationship, any franchisee-franchisor relationship, any joint venture relationship or any partnership relationship between You and GOLDNEST VISION360 PVT LTD.
Electronic Order Risks: Order entry systems have been designed to provide an efficient and dependable method for entering orders. Commercial internet service providers are not 100% reliable and a failure by one or more of these providers may affect internet-based order entry. You acknowledge that the order entry system is an electronic mechanical system and as such may be subject to failure beyond the control of GOLDNEST VISION360 PVT LTD. Therefore, GOLDNEST VISION360 PVT LTD shall not be responsible for errors, negligence, inability to execute orders, delays in transmission, delivery or execution of order due to breakdown or failure of transmission or communication facilities, or to any other cause beyond GoldNest’s control or anticipation. You acknowledge that pricing or typographical errors may occur and that therefore, in the event that a product is listed at an incorrect price or with incorrect information due to an error in pricing or product information, GOLDNEST VISION360 PVT LTD reserves the right, at its sole discretion, to refuse or cancel or reject any orders placed for the products. Furthermore, GOLDNEST VISION360 PVT LTD reserves the right to deny, refuse, or cancel or reject any orders placed in case of market volatility and/or unusual circumstances or conditions. This includes, without limitation, unexpected unavailability of product/Gold or Silver.
Customer Responsibility for Taxes, Tariffs and Duties: You acknowledge that You are solely responsible for all taxes, tariffs and duties that may be incurred as a result of purchase/redemption of Gold or Silver/Redeemable Products. GOLDNEST VISION360 PVT LTD will only collect taxes, tariffs and duties on transactions to the extent explicitly required by law. It is Your responsibility to be aware of and properly address any taxes, tariffs and duties to which You may be subject by any local, state and/or federal governments. If You have any questions about taxes, tariffs and duties, You should consult a tax or other professional about Your unique circumstances. GOLDNEST VISION360 PVT LTD does not represent to provide advice or recommendations about Your specific taxes, tariffs and duties and any statements made by us are only for the purpose of raising issues for You to discuss with Your tax or other professional.
Indemnification: Customer hereby agrees to indemnify and keep GOLDNEST indemnified from and against all actions, claims, demands, proceedings, losses, damages, personal injury, costs, charges and expenses, directly or indirectly, whatsoever (‘Losses’) which GOLDNEST or its employees, agents, workers or representatives may at any time incur, sustain, suffer or be put to as a consequence of or by reason of or arising out of:
Without prejudice to the foregoing, GOLDNEST shall be under no liability whatsoever to the Customer in respect of any loss or damage arising directly or indirectly out of:
GOLDNEST VISION360 PVT LTD may, at its option and without liability to the Customer or such other person, decline to allow the Customer to obtain any portion of his gold/silver product, or may hand over such gold/silver product over to an appropriate authority and take any other steps required by applicable law.
GOLDNEST does not make any representations, recommendations, projections, warranties or guarantees of any kind, either expressed or implied, as to the performance of the Gold/Silver/Redeemable Products with respect to future prices or any return on investment. GOLDNEST will not be liable to any Customer (including but not limited to Transferee) for any losses caused by or relating to transfer/deposit of Gold/Silver to the GAP account of any other Customer.
GOLDNEST explicitly urges all its Customers to inspect the package with the gold/silver product (“Package”) for any damage or tampering before receiving or signing for receipt. Any complaint/issue with respect to the quantity, make, quality, etc., of the product/gold/silver product delivered to a Customer(s) must be raised by the Customer(s) within a period of 7 days from the date of delivery.
GOLDNEST VISION360 PVT LTD will not be liable for any loss or damage caused if the Customer accepts the Package in spite of it being damaged or tampered. If You find any tampering, do not accept the Package and return the same. The duty to verify the Package for any damages or tampering is of the Customer, and if the Customer accepts the Package and later comes to know of any damage or tampering, GOLDNEST VISION360 PVT LTD shall not be liable for any loss or damage to the Customer. If such loss is later reported and approved by the logistics partner and insurance company, the limit of liability shall be restricted to the amount paid by the logistics partner for such loss or damage in transit as per their terms and conditions, and the same shall be binding upon the Customer.
You acknowledge that GOLDNEST will not be liable to You or any other person for indirect, consequential, special, incidental, punitive, or exemplary damages, including, without limitation, lost profits, lost savings and lost revenues (collectively, the “excluded damages”), whether or not characterized in negligence, tort, contract, or other theory of liability.
In no event will GOLDNEST or any of its directors, employees' total liability to You for all damages, losses, liabilities and causes of action under these Terms and the facility/services provided by GOLDNEST collectively exceed the total amount paid by You, if any, for access to that particular product or services. The foregoing limitation of liability shall apply to the fullest extent permitted by law in the applicable jurisdiction.
You expressly agree that use of the Platform is at your sole risk. While we/GOLDNEST will take all reasonable precautions to ensure uninterrupted and error-free operations, your access and use of the Platform is at your sole risk. The service is provided on an “as is” and “as available” basis. We/GOLDNEST and our licensors, suppliers, vendors, parent, holding, subsidiary and related companies, affiliates, officers, agents and employees expressly disclaim all warranties of any kind, whether express or implied, including, but not limited to the implied warranties of merchantability, fitness for a particular purpose and non-infringement.
In no event shall GOLDNEST VISION360 PVT LTD be liable for any direct, indirect, incidental, special, punitive, consequential damages, or any damages whatsoever, including, but not limited to, damages for loss of profits, goodwill, use, data, or other intangible losses resulting from:
You declare that You are an individual not having registration and neither required to take registration under Central Goods and Services Tax Act 2017, State Goods and Services Tax Act 2017, Integrated Goods and Services Tax Act 2017 and Union Territory Goods and Services Tax Act 2017.
You declare that the gold/silver You are selling was previously owned by You for personal use.
You declare that You are not an unregistered dealer of gold and silver or any other precious metal ornament or any related product.
If there has been any misrepresentation by You, You would be solely responsible for all types of tax, interest and penalty due to the government at any given point of time.
Except where noted otherwise, the prices displayed for products on the Platform represent the value of the respective product. For certain transactions, you shall bear fees and charges in addition to payment for prices displayed on the Platform. Such additional fees and charges shall be as are stated on the Platform. Please pay attention to the details of your transactions, because your total price for a transaction may include taxes, fees and shipping costs, which you are responsible for paying.
Upon transfer of Gold/Silver from a Customer, if the recipient Customer already has an existing Gold Accumulation Plan Account (GAP) with GOLDNEST VISION360 PVT LTD, Gold/Silver will be credited in such account; otherwise, a new GAP account will be created for such recipient Customer. Such GAP account would be created in the recipient Customer’s name as per recipient Customer details available with GOLDNEST VISION360 PVT LTD. Transfer is subject to profile completion. Upon successful creation of the account of the recipient Customer, the transferred Gold/Silver shall be credited to such account. GAP accounts are offered, created, operated, and maintained by GOLDNEST VISION360 PVT LTD.
We use third-party analytics tools, including Meta App Events and Google Firebase Analytics, to gain insights into how users engage with our app. These services help us analyze usage trends, improve performance, and enhance the overall user experience.
All data collected through these tools is aggregated and does not personally identify individual users. We process this information in accordance with applicable data protection laws.