Amazon: Malabar Gold & Diamonds 2g 24K (999) Lakshmi Gold Coin Pendant Listed at ₹32,679

At a glance

Malabar Gold & Diamonds' 2 gram 24K (999) gold coin pendant with a Goddess Lakshmi impression is listed on Amazon India at ₹32,679, against an MRP of ₹41,571 shown on the product page (about 21% off). A deal alert had advertised it at ₹30,929 — an effective per-gram rate claimed to sit below a ₹15,222 per gram spot price — but the price now visible on Amazon is higher, so treat the lower figure as advertised, not confirmed.

Quick facts

• Product: Malabar Gold & Diamonds 24K (999) gold coin pendant
• Weight: 2 grams
• Purity: 24 karat, 999 fineness
• Listed Amazon price: ₹32,679
• MRP shown: ₹41,571
• Rating: 4.5 out of 5 stars from 246 ratings
• Bank offer: up to ₹3,000 discount on SBI credit and debit cards (17 offers listed)
• Returns: marked non-returnable; brand lifetime exchange and buyback terms apply

Product overview

This is a small investment-grade gold coin that doubles as a pendant, sold on Amazon by Malabar Gold & Diamonds. The listing describes it as a 2 gram, 24 karat (999 purity) coin with a Goddess Lakshmi impression, pitched at gifting occasions such as birthdays, weddings, Akshaya Tritiya and festivals. The page notes BIS/NABL-authenticated purity certification, secure delivery direct from the brand, and Malabar's lifetime exchange and buyback programme. The page itself flags the item as non-returnable, with value recovered instead through the brand's exchange/buyback terms (gold coins are bought back at 96% of the benchmark gold rate per the terms shown).

Why consider it

• Certified 999-purity gold from a known jewellery brand, sold and delivered through Amazon.
• The page lists bank offers including up to ₹3,000 off on SBI credit and debit cards, which could bring the effective cost down meaningfully if your card qualifies.
• Brand-backed lifetime exchange and buyback gives an exit route that generic marketplace gold sellers may not match.
• A 4.5-star rating across 246 ratings suggests buyers have generally been satisfied.

Pros and cons

Pros

• 24K, 999-purity coin pendant from an established jeweller
• Listed about 21% below the stated MRP
• Bank offers listed on the page, including SBI card discounts
• Brand exchange and buyback support

Cons

• Current listed price of ₹32,679 is well above the advertised ₹30,929 and implies a per-gram cost above the claimed spot rate, so the 'below market rate' angle does not hold at the listed price
• Making charges, GST and premiums on small denominations inflate per-gram cost versus bullion
• Non-returnable; only brand exchange/buyback applies
• Bank discounts are conditional and capped ('up to'), not guaranteed

Who should buy it

This suits buyers who specifically want a certified, giftable Lakshmi coin pendant from a mainstream jeweller and value the convenience of Amazon delivery. It is less suited to pure gold investors: at the listed price you are paying a sizeable premium over spot, and only a qualifying SBI card discount would narrow that gap. If you saw the ₹30,929 figure advertised, re-check the live price and your card eligibility before ordering.

Final verdict

A genuine, identifiable product from a reputable jeweller, but the headline saving has slipped: the page now lists ₹32,679 rather than the advertised ₹30,929, and the structured price could not be independently re-verified. Worth buying only if you wanted this pendant anyway or can stack a confirmed SBI card discount — for bullion-value buying, the per-gram premium is too high.