Buy 1g Gold under ₹12,000 with Multipl App
If you are a smart gold investor, you already know that buying gold at retail price is a beginner’s mistake. We are always on the lookout for credit card rewards, gift card hacks, and store discounts to bring our effective buying price down.
By combining a new “Spendvesting” app called Multipl with standard e-commerce hacks, I managed to score a massive discount and purchased 1g gold from Flipkart Minutes at just ₹12,859.
In this post, I’m going to break down exactly how the app works, the current ₹2,500 promotional loop, and how you can buy gold even under ₹12,000. Let’s dive in!
Disclaimer: This blog contains affiliate/referral links, which may earn us a commission at no additional cost to you. These rewards supports maintenance of this website but doesn’t affect our review.
What is Multipl App? (Concept of "Spendvesting")
Most people save money in a traditional savings account earning a measly 3% interest. Multipl App changes this dynamic with a concept they call “Spendvesting”—investing your money specifically for upcoming expenses rather than just letting it sit idle.
The Higher Yield Spending Account
Multipl offers a Higher Yield Spending Account where you can park your money (similar to a savings account) but earn up to 7% returns instead of the standard 3% you get from traditional banks. It is designed to keep your money liquid while giving it a significant yield boost before you spend it.
It comes with no lock-in period and can be redeemed for gift vouchers or into bank at any time of the day. Very soon, you will be able to use your spending account money to pay through UPI.
Note:
- Multipl’s Spending Account allows to instantly redeem/withdraw max 90% of the mutual funds value in a day (up to ₹50,000 per AMC).
- For the balance amount, you have to make the standard redemption request which takes T+2 days to liquidate and get credited to your linked bank account.
- Multipl is parking the Spending Account money in Axis Liquid Fund-Direct Plan-Growth Option. So, returns are based on how it performs.
The ₹2,500 Multipl Invite Promo: How It Works?
Right now, Multipl is running an aggressive referral campaign that is a dream come true for online shoppers. If you sign up using Multipl referral code (6G7WX) and invest 25,000 in their Higher Yield Spending Account, they hand you ₹2,500 worth of Gift Voucher (GV) discounts.
Here is the exact step-by-step process to unlock the reward:
Sign Up: Download the app and signup with Multipl Invite Code 6G7WX to unlock ₹2,500 worth voucher discounts and complete your investing profile.
Complete KYC: The KYC process is incredibly smooth—no video KYC required. You will just need your PAN and Aadhaar details to get verified.
Link Your Bank: Connect a bank account in your name (Should match PAN).
Add Funds: Deposit ₹25,000 into the Higher Yield Spending Account using UPI.
Unlock the ₹2,500 Reward: It takes 2-3 days for successful investment and the moment your ₹25,000 is safely deposited, your ₹2,500 gift card discount pool is unlocked.
Breaking Down the Gift Voucher (GV) Discount Structure
You don’t get a single ₹2,500 voucher; instead, you get a highly lucrative discount multiplier:
You can buy Gift Vouchers 10 times with a flat ₹250 off on a minimum purchase of ₹1,000 (Note: Vouchers are purchased with your money in Spendvesting account), complete process shared below.
This translates to an immediate 25% flat discount on your purchases.
On top of that, you get Multipl’s base platform discounts on vouchers (e.g., Amazon vouchers have a ~1.75% discount, and Flipkart has a ~2% discount).
Total Value: You end up getting a massive 26.75% to 35% total discount on your vouchers!
How to Get 1g Gold for Under ₹12,000 with Multipl
This is where things get exciting for our Gold Deals Community. If you buy physical gold coins, bars, or jewelry online (via Flipkart or Amazon), this offer is a game-changer.
By strategically sourcing Flipkart Gift Vouchers through Multipl, you can drastically cut down the cost of physical gold. Let’s look at the math and the exact strategies you can use.
Strategy 1: The Single-Account Method (My Personal Proof)
If you open just one Multipl account with our Multipl Invite Code ‘6G7WX’, you get the ₹2,500 worth gift card discount, effective 25% discount. Additionally, you will get the 2% base discount on Flipkart Voucher purchase. So, you can get ₹10,000 worth of GVs by just paying ₹7,300.
Now, pay the rest of the amount with any card discount offer or buy/stack gift vouchers from the Cred App at minimum 2% discount plus additional cashback with cards. Don’t forget to checkout the Deals of the Day Section for Flipkart Gift Card at up to 4.5% discount to get 1 gram gold under 13,000.
Strategy 2: The Double-Account Multiplier (The Ultimate Hack)
If you have a family member (spouse, sibling, or parent), you can double down on this strategy:
Open Account A (Your account): Deposit ₹25,000 and Get ₹10,000 in Vouchers for ₹7,500 plus base discounts.
Refer Account B (Family member): Deposit ₹25,000 and Get another ₹10,000 in Vouchers for ₹7,500. Plus, referral benefit of ₹250.
Combine all ₹20,000 worth of Flipkart Gift Vouchers onto a single Flipkart account.
By pooling these high-discount vouchers across 2 Multipl accounts, you can drive the effective cost of 1 gram of gold down to an unbelievable ₹11,680/g! (Considering 1g Gold Price to be ₹16,000 and claiming 25+2% discount on it.)
CULT TIP
You can consider following Good Deals India – WhatsApp Channel for Gold Deals and Alerts!
How Did I Get Gold for ₹12,859? Price Calculation
By far, we know that signing up with Multipl referral code and investing ₹25,000 in their Spending Account entitles you with an exclusive coupon code that allows you to buy Gift Vouchers at 25% discount up to ₹250 per transaction and usable maximum 10 times (minimum transaction of ₹1,000), so, a direct benefit of ₹2,500.
Now, let’s look at exactly how I pulled this off and grabbed 1g 24K Gold @ ₹12,859 when Market Price is hovering over ₹16,000/g. One more thing, when I did this, Multipl had a temporary restriction limiting users to use the promotional coupon max twice a month (which has now been completely removed!).
Because of that limit, I had already used a portion of my voucher discount (₹250 x 2) for 2 Amazon vouchers worth ₹2,000. This left me with ₹2,000 worth of 25% voucher discount, allowing me to buy max 8 x ₹1,000 worth of Flipkart vouchers for gold purchase.
On 21st May, Flipkart was offering 10% discount up to ₹1,000 with BOB Credit Card, shared this deal in our WhatsApp Channel too. So, by combining those discounted Flipkart Gift Vouchers with this 10% BOB card discount, I managed to buy a 1-gram gold coin worth ₹15,768 for a final out-of-pocket cost of just ₹12,859!
The Exact Math
| Item | Details | Real Out-of-Pocket Cost |
| Flipkart Gold Order | 24K 1g Gold (₹15,768) + Platform Fees (₹89) | ₹15,857 (Total Checkout Value) |
| Multipl Vouchers | Paid using ₹8,000 worth of Flipkart Vouchers | ₹5,840 (₹8,000 minus the 27% Multipl discount) |
| BOB Credit Card | Paid the remaining balance (₹7,857) via BOB Card | ₹7,019 (₹7,857 minus the 10% instant bank discount) |
| My Final Net Cost | Total actual cash spent from my pocket | ₹12,859 for a 24k 1g Gold Coin |
Why & How You Can Easily Beat My Price?
Because Multipl has completely removed the coupon usage limit, you don’t have to leave a large remaining balance exposed to regular bank card discounts like I did. You can pay for almost the entire chunk of your gold using the deep 27% voucher discounts.
Additionally, by using the Double-Account Multiplier with a family member, you can route the entire purchase through vouchers and easily slide your average cost down to ₹11,680 for a gram of gold.
Final Verdict: Is It Worth It?
Absolutely. If you already have ₹25,000 sitting in a bank account earning virtually nothing, moving it to Multipl’s Higher Yield Spending Account to earn up to 7% is a smart move on its own.
But when you layer the ₹2,500 gift card discount on top of it, the math becomes unskippable—especially for gold buyers. You are essentially getting free government-regulated value to fund your next gold investment.
Pro-Tip: Campaigns like this burn through marketing budgets fast. If you want to lock in your gold discount before the terms change, make sure to set up your account and complete your UPI deposit this week. So, signup now with our Multipl App Invite Code 6G7WX and unlock the discounts!
Saurabh | Founder & Content Writer at CreditCult.in
For the last 7 years, I’ve been obsessed with the Indian credit ecosystem—testing cards, deconstructing reward programs, and finding the tiny loopholes banks don’t want you to see. I don’t just write about these accounts; I use them daily to ensure the advice I give is backed by real-world results.
I believe you found this post useful and would love to know at what price you were able to grab gold. I would also recommend you to checkout our latest blog on SalarySe CUB Level Up Credit Card.
How to buy Discounted Gift Vouchers on Multipl?
Buying gift vouchers through Multipl App at crazy discounts is actually very simple. I have shared the detailed process below:
- You unlock ₹2,500 worth voucher discount code once you have signed up with an invite code (6G7WX), did KYC and invested ₹25,000 in their Higher Yield Spending Account.
- Next, select any brand voucher of your choice and click ‘buy now’ to purchase. Minimum amount should be ₹1,000.
- A brand specific base discount will automatically apply.
- Click on ‘Apply Multipl bonus for extra savings’ and Apply the code ‘ACTIVATE25000’.
- Now, additional 25% discount is applied. Click on ‘Proceed to Pay’.
- Now, they will authorize the transaction with OTP and will sell mutual funds equivalent to the discounted amount of purchase and will deposit the amount in your bank account immediately.
- Within minutes you will receive the amount in bank and then they will ask you to pay the amount through UPI.
- That’s it! You will get your voucher at massive discounts within a few minutes. Redeem it as you please and make the purchase.
