Gold Price in India Drops This Diwali Because of These Top 5 Credit Cards

Purchasing gold and jewellery during the festivals of Diwali and Dhanteras transcends mere tradition—it represents a symbol of prosperity within Indian households. Each year, countless families make investments in gold coins, bars, or jewellery during this auspicious time.

However, there exists a significant challenge: gold prices in India typically increase around Diwali due to heightened festive demand. So, how can one acquire gold without incurring excessive expenses?

The answer lies in choosing the best credit card for jewellery shopping in India. By utilizing the right credit card, you can access cashback, discounts, and exclusive festive promotions at renowned brands such as Tanishq, Caratlane, Zoya, Reliance Jewels, and even Swiggy Instamart.

In this blog, we present the Top 5 Credit Cards for Gold Purchases in 2025, which will assist you in saving significantly and reducing the effective price of gold this festive season.

Why Use Credit Cards for Gold and Jewellery Shopping?

Credit cards serve not merely as payment instruments; they function as savings devices during festive shopping. Here are the reasons why:

• Exclusive cashback on jewellery expenditures

• Special credit card promotions on gold acquisitions at prominent brands

• Immediate discounts at affiliated jewellery retailers

• Reward points and NeuCoins that operate similarly to actual currency

• Festive EMI alternatives for high-value jewellery purchases

So if you’re searching for the best credit card for Tanish or want the lowest effective price at Reliance Jewels, these five cards are your golden ticket.

Top 5 Credit Cards With Gold & Jewellery Offers This Diwali

1. HDFC Swiggy Credit Card – 10% Off Gold & Silver on Instamart

During the last Diwali, Swiggy Instamart made gold and silver coins available for purchase. The unexpected benefit of these coins qualified for the same 10% instant discount applicable to all Instamart orders when utilizing the HDFC Swiggy Credit Card.

This implies:

• A 10% discount on gold and silver coins bought from Swiggy Instamart (if available again in 2025).

• Significant savings on everyday essentials in addition to jewellery purchases.

• Accumulation of reward points for both food delivery and Instamart transactions.

  
  

Use our Food Delivery Discount Finder to instantly check which credit cards give you the best discounts on Swiggy, Zomato, and other platforms.

Why opt for this card?

If you are seeking a credit card that provides gold and silver promotions on Instamart, the HDFC Swiggy Credit Card is your optimal choice.

If you want to know the unbiased AI score of this Credit Card, read the detailed review. Click here

2. SBI Titan Credit Card – Cashback at Tanishq, Caratlane & Zoya

For enthusiasts of jewellery, the SBI Titan Credit Card stands out as one of the premier credit cards for jewellery shopping in India. It is tailored to the Titan group of brands, providing you with advantages across their retail outlets.

• 3% cashback on Tanishq purchases – Excellent for traditional gold jewellery this Diwali.

• 5% cashback on Mia, Caratlane, and Zoya – Perfect for contemporary and gifting jewellery.

• Reward points on all other retail expenditures.

  
  

Why opt for this card?

If you are seeking the finest credit card for Tanishq purchases, your search ends here. It effectively lowers your jewellery expenses with immediate cashback.

If you want to know the unbiased AI score of this Credit Card, read the detailed review. click here

3. Reliance SBI Card PRIME – Cashback at Reliance Jewels

The Reliance SBI Card PRIME is the preferred option for customers who are loyal to Reliance Jewels. This card guarantees that every acquisition of gold and diamond jewellery results in savings.

• 2.5% Cashback on jewellery purchased from Reliance Jewels only in offline stores, not in the online store

• An additional reward point at Reliance Retail outlets.

• Enhanced lifestyle benefits: fuel surcharge waiver, travel, and dining advantages.

  
  

Why opt for this card?

This is the premier credit card offering cashback on Reliance Jewels, enabling you to save immediately during your festive gold shopping.

If you want to know the unbiased AI score of this Credit Card, read the detailed review. Click here

4. HDFC Tata Neu Infinity Credit Card – NeuCoins on Tanishq

The HDFC Tata Neu Infinity Credit Card is an excellent choice for jewellery purchasers who frequently utilize Tata Neu.

• 5% NeuCoin rewards on Tanishq transactions, which can be redeemed across various Tata brands.

• Ideal for combining festive promotions with deals available on the Tata Neu app.

• Includes lifestyle benefits such as access to airport lounges.

  
  

Why opt for this card?

If you are seeking a credit card that provides Tata Neu cashback on Tanishq purchases, this card enables you to maximize your benefits by earning both NeuCoins and store discounts.

If you want to know the unbiased AI score of this Credit Card, read the detailed review. click here

5. SBI Tata Neu Infinity Credit Card – Extra Savings at Tanishq

The SBI Tata Neu Infinity Credit Card serves as a counterpart to the HDFC version, specifically designed for SBI clientele.

• Cashback and 5% NeuCoins are applicable on Tanishq jewellery.

• Rewards available through Tata group brands and the Tata Neu app.

• Extra lifestyle benefits.

Why opt for this card?

This card is among the top credit cards with cashback on jewellery, especially at Tanishq, where festive buying peaks during Diwali and Dhanteras.

If you want to know the unbiased AI score of this Credit Card, read the detailed review. click here

How Much Can You Save With These Credit Cards?

Consider the following example:

• Purchasing jewellery valued at ₹1,00,000 from Tanishq using the SBI Titan card → Receive an instant discount of ₹3,000.

• Acquiring gold worth ₹50,000 through Swiggy Instamart with the HDFC Swiggy Card → Obtain an immediate savings of ₹5,000.

• Shopping at Reliance Jewels with the Reliance SBI PRIME card → Accumulate cashback and rewards ranging from ₹3,000 to ₹5,000, contingent upon the specific campaign.

  
  

Thus, the gold price in India drops by using these credit cards

Tips to Maximize Credit Card Offers on Gold Purchase

Review Diwali Promotions: Financial institutions and jewelers provide temporary festive deals—always verify your eligibility.

Merge Store and Card Discounts: Numerous jewelers offer festival promotions that can be combined with card benefits.

Switch to EMI: Utilize 0% EMI options on gold acquisitions with credit cards to help manage your expenses.

Monitor Reward Points: NeuCoins and cashback can help lower your future expenditures on lifestyle and travel.

Schedule Purchases for Dhanteras: Financial institutions frequently introduce exclusive credit card discounts for gold purchases made on Dhanteras.

Final Conclusion-Gold Price in India Drops by using these Credit cards

Diwali is a time when Indians make significant investments in gold and jewellery. Although gold prices may increase, utilizing the appropriate credit card offers for gold purchases can lead to substantial savings.

Whether you opt for the HDFC Swiggy Credit Card for Instamart gold coins, the SBI Titan Card for Tanishq jewellery, the Reliance SBI PRIME for Reliance Jewels, or the Tata Neu Infinity Cards for NeuCoins at Tanishq, you are assured of benefiting from Diwali gold offers with credit cards that ease the financial burden of your purchases.

Before making your festive purchases, compare the top credit cards for jewellery shopping in India on Myrupaya. in.

FAQs – Best Credit Cards for Gold & Jewellery in India

Which is the best credit card for Tanishq purchases?

The SBI Titan Credit Card is an excellent option, offering 3% cashback on Tanishq and 5% cashback on Caratlane & Zoya

Can I get a discount on gold coins with a credit card?

Yes. For example, the HDFC Swiggy Credit Card gives a 10% discount on gold and silver coins on Instamart (based on Diwali campaigns).

Which credit card gives cashback at Reliance Jewels?

The Reliance SBI Card PRIME offers cashback and bonus rewards for jewellery purchases made at Reliance Jewels.

Are Tata Neu credit cards good for jewellery shopping?

Yes. Both HDFC Tata Neu Infinity Card and SBI Tata Neu Infinity Card give cashback/NeuCoins at Tanishq, making them ideal for festive jewellery buyers.

How much can I save on jewellery using a credit card this Diwali?

Depending on the brand and card, you can save 3–10% or more. For purchases above ₹1 lakh, this means thousands in savings.