Amid the ongoing festive season, buying gold is the biggest investment as the rate in India is back-to-back record-breaking. However, ahead of Diwali and Dhanteras, PhonePe has offered a cashback offer on 24K Digital Gold. As per PhonePe’s 24K Digital gold cashback offer, people can purchase 24K digital gold via the platform and get a flat2% cashback (up to Rs 2,000) on purchasing a minimum of Rs 2,000 worth of digital gold from PhonePe.
How To Avail a Gold Offer On PhonePe?
To take advantage of this cashback offer on PhonePe, follow the below mentioned steps below:
- Click on the ‘Digital Gold’ icon on the PhonePe homepage.
- Select ‘Buy Digital Gold’.
- Choose “Buy in rupees” and add a minimum of Rs 2000 worth of 24K Gold to your cart.
- Now, review your purchase details and click ‘Proceed to Pay’ to complete the transaction.
The offer is available from midnight until 11:59 PM on October 18, 2025. It requires a minimum order value of Rs. 2000 and is limited to one use per user. Users can purchase 99.99% purity-certified 24K Digital Gold on the PhonePe platform, from leading and trusted players in the digital gold space like MMTC-PAMP, SafeGold and Caratlane.
The gold cashback offer by PhonePe is likely to help gold buyers who were hoping to purchase during the ongoing festive season celebration. Meanwhile, the sharp rally in gold and silver over the past two months has emerged as a setback for retail gold jewellery buyers.
The sharp surge in gold rates on Tuesday took gold to a new record high. 24 karat gold rate in India surged by Rs 328 per gram to Rs 12,868. Likewise, the price of 22 karat gold in India increased by around Rs 300 per gram to Rs 11,795 per gram. Additionally, the 18 karat gold rate in India increased by Rs 246 per gram to Rs 9,651.
