gold price
Buying gold in India is not just a financial decision, but is also considered an emotional and traditional decision. There is a tradition of buying gold on some special festivals of the year, because it is considered a symbol of wealth, good luck and long term savings. Akshaya Tritiya is one such important festival, which comes at the beginning of the year.
There has been a sharp increase in the prices of gold in recent times. Gold prices in the Indian spot market have increased by about 60% since April 2025, the last Akshaya Tritiya. This is the 9th consecutive year when gold has given good returns to investors.
Gold performance on Akshaya Tritiya in last 12 years
In the last 12 years, there have been fluctuations in gold returns around Akshaya Tritiya, but the overall trend has been positive. There was also a decline in some years like -11% in 2017 and -3% in 2019. At the same time, a sharp increase of 47% was seen in 2020. After this, continuous growth was seen from 2023 to 2026, such as returns of 7%, 18%, 22% and 31%. Overall, gold has given strong performance in this period and has further strengthened its image as a safe investment.
Current price and market trend
In January this year, gold had reached a record level of above Rs 1,80,000. After this it declined and now the prices are hovering around Rs 1,50,000. That means there has been a decline of about 16% from the recent high of about Rs 30,000. This decline has come due to main profit booking and concerns about fluctuations in crude oil prices and inflation. Akshaya Tritiya is considered to be the second biggest occasion for purchasing gold in India, hence the demand increases at this time.
Demand trend before Akshaya Tritiya
According to experts, demand is stable this year due to geopolitical tension, but due to high prices, retail buyers are not making very aggressive purchases. Some bullion dealers say that this time the buying of jewelers has also been limited. Usually there is good shopping before the festival, but this time the market seems a little slow. At the global level, even in countries like China, demand is a little weak. However, central banks are continuously buying gold, due to which long term confidence remains.
Is it right to buy gold now?
INVasset PMS experts believe that despite the strong rally of the last few years, gold may have upside potential in the future, but the pace of growth may be a little slow. Due to buying by central banks and global uncertainty, gold is still considered a good asset for the portfolio. According to experts, gold should not be considered only for short term profits but for portfolio stability.
Avoid lump sum investments
Experts advise that instead of making big investment in gold at once, one should buy gradually i.e. in a phased manner. For those who do not already have gold, it may be right to invest in small amounts. But heavy buying only with the hope of getting big returns in the short term is not considered the right strategy.
technical levels
If gold continues to rise further, prices may first go up to Rs 1,55,000 and then up to Rs 1,70,000. Going forward, the level of Rs 1,81,000 may also be tested again. On the downside, there is a strong support level of Rs 1,36,200 and around Rs 1,27,500 is considered to be a stronger base.
Disclaimer: This article is for information only and should not be considered as investment advice in any way. TV9 Bharatvarsha advises its readers and viewers to consult their financial advisors before taking any money-related decisions.
