The recent surge in gold prices has caught the attention of many investors, leading to a notable 30% increase since last year’s Akshaya Tritiya. Once trading at ₹73,240 per 10 grams, gold is now hovering between ₹94,000 and ₹95,000, having briefly surpassed the ₹1 lakh milestone. This bull run, which started in mid-2024, has been fueled by growing uncertainties surrounding global economic policies and potential market instability.
Rising Gold Prices: A Trend Worth Watching
Gold has consistently proven to be a reliable investment, delivering positive returns over the past eight years. According to Ventura Securities, prices have risen during every Akshaya Tritiya since 2018, indicating a strong upward trend in the precious metal market.
Historical Gold Prices on Akshaya Tritiya
Here’s a glance at the gold price performance over the years during this auspicious occasion:
- 2025: ₹95,900 (31% increase)
- 2024: ₹73,240 (22% increase)
- 2023: ₹59,845 (18% increase)
- 2022: ₹50,808 (7% increase)
- 2021: ₹47,676 (2% increase)
- 2020: ₹46,527 (47% increase)
- 2019: ₹31,729 (1% increase)
- 2018: ₹31,534 (9% increase)
- 2017: ₹28,873 (-3% decrease)
- 2016: ₹29,805 (11% increase)
- 2015: ₹26,936 (-11% decrease)
Investors’ Dilemma: To Buy or Not to Buy?
With Akshaya Tritiya approaching—an occasion widely believed to bring prosperity and good fortune—investors find themselves at a crossroads. Should they invest in gold at these elevated prices? Industry experts suggest that purchasing gold might still be beneficial, based on projections for future price increases.
Forecast for Next Akshaya Tritiya
Analysts predict that by the next Akshaya Tritiya on April 19, 2026, gold prices could soar to between ₹1,04,000 and ₹1,10,000 per 10 grams. This anticipated increase is supported by the historical performance of gold, which has shown resilience and strong returns.
Expert Insights on Gold Investment
Prathamesh Mallya, from Angel One, emphasizes the historical data, stating that investing in gold has yielded substantial returns over the years. He encourages a long-term investment strategy in gold.
Furthermore, Ventura Securities highlights that if geopolitical tensions rise or the global economic landscape worsens, gold could reach prices as high as $3,600–$3,700 per ounce, equivalent to ₹1,01,000– ₹1,04,000 per 10 grams in India.
Potential Risks to Consider
However, not all forecasts are rosy. Should the U.S. Federal Reserve delay interest rate cuts or if central bank purchases slow down, gold prices might decline to between $3,000 and $2,900 per ounce, or ₹90,000– ₹87,000 per 10 grams.
Buying Strategy: A Cautious Approach
Given the current high prices, investors are advised to tread carefully. While the outlook remains positive, the risk of buying at inflated prices is significant. Analysts propose a strategy of "buying on dips," suggesting that investors wait for prices to correct to around ₹85,000 per 10 grams before making further acquisitions.
Sandip Raichura, CEO of PL Broking, echoes this sentiment, asserting that dips will attract buying interest from ETFs and central banks, reinforcing an upward trend in gold prices.
With its historical returns and potential for future gains, gold remains a compelling investment option. However, a strategic approach is essential to maximize returns while minimizing risks.
