Gold investment with 18% presumptive returns from Gullak

its upto 18%

better buy sovereign gold bond which has government gurantee,

"Assume" 20% instead, make it 27% returns.

Please note the 7% offer on Dhanteras does not have auto lease option and seems tricky. I was tempted to buy once but then resisted. Even with 5% return, there is 3percent GST and 3 percent price difference which eats away first year return. Only when one holds for 3 to 5 years it seems to be a good option and in that case also it is probably the risk that they will eventually change ther return rate of 5% as it does not seem to be sustainable.

this safe investment (backed by bank guarantee)

please explain this part

I instead want to be the 'reputed jeweller' you lease to. How can I do that? 

On a serious note, you're getting 5% instead of 2.5% from sgb but without government guarantee and with additional fees and taxes. Cap gain will be taxable. So, no thank you. 

gold is debt. but if debt is invested in risky asset then why are you looking for debt go to equity you will get more than 12% in long run. Debt should be a safe investment not putting money in risky apps. debt should ideally have government guarantee if not i will not use that  to hedge my equity investment.
I have the following types of debt in my portfolio:-
SGB -soverign gold bond.

rbi floating bond

rec bonds 

 Why do i want to take risks using my debt like gold leasing etc. If you want to take risk try mutual funds.

Any gullak user pm referral