AJIO: Malabar Gold 24K (999) 3.0 gm Rose Coin at ₹47,285 (11% Off), Extra ₹2,000 Cashback with SBI Card

Quick facts

Product overview

The deal is for a small-denomination 24 karat (999 purity) gold coin from Malabar Gold & Diamonds — a well-known Indian jewellery brand — sold through AJIO's gold/coin category. At 3 grams, this is a low-ticket gold purchase aimed at gifting, small investment, or festival buying rather than jewellery use. The source lists it at ₹47,285 against a stated MRP of ₹53,263, an 11% discount, working out to roughly ₹15,761/gm before any card offer.

The source additionally claims a further ₹2,000 cashback when paying with an SBI Cashback Card, which would bring the effective cost down to about ₹15,095/gm. This is a bank-card-linked benefit, not a straightforward listed price, so it will only apply to shoppers who hold and use that specific card at checkout.

Why consider it

• Small-denomination gold coins are a common way to invest in gold without committing to a full jewellery purchase.
• Malabar Gold & Diamonds is an established, recognisable brand, which matters for a purity-sensitive purchase like 24K gold.
• If the advertised 11% discount and SBI cashback both apply, the effective per-gram rate would be meaningfully below the plain MRP rate.
• AJIO offers standard e-commerce buyer protections (returns/cancellation windows) that a purely offline gold purchase would not.

Pros and cons

Who should buy it

This suits shoppers who want a small, low-commitment 24K gold purchase — for a gift, a festival buy, or to start a modest gold holding — and who are comfortable buying gold online through a marketplace rather than a jeweller counter. It is most attractive to those who already hold an SBI Cashback Card, since the bulk of the extra saving depends on that. Buyers who need certainty on live pricing, purity certification details, or delivery/insurance terms should verify directly on AJIO before paying, since the merchant page could not be loaded during this review.

Final verdict

The deal is a straightforward small-gold-coin offer with a stated discount and a card-linked cashback layered on top. The product and brand are credible, and the arithmetic in the source's claim is internally consistent, but the AJIO page returned an access error when we tried to confirm price and availability directly, so the listed price and cashback terms remain advertised rather than merchant-confirmed. Treat the effective ₹15,095/gm figure as an estimate contingent on both the base price and the SBI card cashback being live at checkout.