Rising gold prices ahead of Akshay Tritiya have dampened the mood of people planning to buy gold on the auspicious occasion. The price of gold in India has increased by over 25% since the beginning of the year 2025. The massive rally in the price of yellow metal may force people to rethink their purchases of gold jewellery on Akshay Tritiya.
The auspicious Hindu festival, Akshay Tritiya, will be celebrated this year on 30 April, 2025. For those who are planning to buy jewellery on the occasion, here are 5 credit card offers on gold purchase.
Top Credit Card Offers on Gold Purchase in 2025
Several credit cards are offering deals like cash discount, reward points, and other benefits on purchase of gold jewellery. Here are top credit card deals on gold purchase according to Bank Bazaar.
Discount on Making Charges
Mastercard credit card owners can get a discount of up to 20% on gold jewellery making charges if they purchase the item through credit card at Joyalukkas. They are unlikely to receive any discount on gold price but may get some exemption on gold jewellery making charges. This credit card offer on gold purchase is available until 30 June, 2025.
Flat Rs 3000 off
Mastercard credit card holders can get a discount of around Rs 3000 on the purchase of diamond jewellery worth Rs 50,000 and above at Joyalukkas. The discount offer on gold purchase is available until 30 June, 2025.
Gold Making Charges
Bank of Baroda credit card holders can avail of a similar discount offer. They can receive a 20% discount on gold making charges and save up to Rs 3,000 on diamond jewellery purchases.
Discount on Diamond Jewellery
Axis Bank credit card users can enjoy a discount of up to Rs 1800 on gold jewellery purchases. The offer is valid until 8 May, 2025. SBICard also offers various discounts and promotions to its users on the occasion of Akshay Tritiya. Currently, there is no specific information about Akshay Tritiya offers on gold purchases on SBICard’s official website, but it is likely that offers will be released a week prior to Akshay Tritiya.
Akshay Tritiya
Akshay Tritiya, also known as Akti or Akha Teej, is an auspicious festival that holds immense significance among the Hindu and Jain communities. Akshay Tritiya is celebrated on the third day of Shukla Paksha in the month of Vaishakha.
The day is considered highly auspicious for purchasing items such as gold, silver, and other metals. Many people prefer to buy gold and silver jewellery and other items on this occasion. Besides jewellery, other items deemed auspicious for purchase include rice, broomsticks, new vessels, etc. It is also considered favorable to deposit money in a bank account on this festival. On this day, numerous individuals visit temples, donate food, or offer services to the poor and needy.
Rising Price of Gold in India
Gold prices in India have surged significantly over the last few months, particularly following the announcement of tariffs by the United States President Donald Trump on over 181 nations. Heightened geopolitical uncertainty and market volatility have made gold a safe haven for investors.
As of Thursday, April 17, the MCX gold price reached an all-time high of Rs 95,799 per 10 grams. The bullion shattered another global record as the international COMEX price of gold exceeded $3,300. Amid ongoing trade tensions and geopolitical uncertainty, gold prices have risen nearly 25% year to date (YTD).