Akshaya Tritiya will be celebrated on 30th April 2025 this year. According to the Hindu calendar, the third day of Shukla Paksha of the month of Vaishakh is called Akshaya Tritiya. ‘Akshaya’ means – that which never decays. This is the reason why people especially buy metals like gold and silver on this day.
Why people buy precious metals like gold on Akshaya Tritiya
Buying gold on Akshaya Tritiya is considered a symbol of prosperity, good luck and stability. It has not only become a tradition, but also a good opportunity for long-term investment. The special thing is that in the last few years, a big jump has been seen in the purchase of gold around Akshaya Tritiya.
Gold’s record-breaking performance: Rise of 31% in the last 11 months
Last year on 10 May 2024, on the day of Akshaya Tritiya, the price of 24-carat purity gold was around Rs 73,240 per 10 grams. Gold has now crossed Rs 96,000 per 10 grams. That is, in just 11 months, gold has given a return of about 31%, which is very attractive compared to any traditional investment products.
Also read: Gold price crosses Rs 95,000; inches closer to Rs 1 lakh for 10 grams
This boom is being seen not only in India but also globally. Weakness in the dollar, expectation of interest rate cuts, economic uncertainty, and heavy buying by central banks are the main reasons behind this.
“The US Dollar Index (DXY) has weakened in 2025. A weaker dollar historically supports higher gold prices, since gold is priced in USD globally. With the Trump administration favouring a weaker dollar and the uncertain effect of tariffs, this could serve as an additional tailwind for gold,” according to a report by the Tata Mutual Fund.
What are the factors behind the current strength of gold?
Among the various factors that have supported gold prices rise globally are – Gold purchases by central banks, weakness in dollar index, fear of inflation and recession, geopolitical tensions, inflows in ETFs, etc.
Why invest in gold this Akshaya Tritiya?
If you are thinking of buying gold this Akshaya Tritiya, then definitely pay attention to the following things:
Portfolio diversification: Gold diversifies your investment portfolio and reduces risk.
Long-term value: Gold is an asset class that maintains its value over time.
Economic indicators in focus: Global economic conditions and central bank policies are in favor of gold at this time.
Will gold prices rise further? Know the opinion of experts
Goldman Sachs: Gold can go up to $3,700/oz by the end of the year. Even up to $4,500/oz in the long term.
UBS: Estimated level $3,500/oz.
Bank of America: Gold can reach $3,500/oz by 2025.
Also read: Are you selling your Sovereign Gold Bonds before time? Know how much you will earn
According to Tata Mutual Fund report, some correction is possible in the short term as prices have risen more than 25% in the recent six weeks, but in the long term, the fundamentals of gold remain strong.
In which forms should you invest in gold?
You can buy gold this Akshaya Tritiya in the following forms:
-Physical gold (such as jewellery, coins, bars)
-Gold ETF
-Digital gold
Gold ETF and gold are better options from the investment point of view as they do not have the hassle of making charges and storage, and also provide tax benefits.
Should you buy gold this Akshaya Tritiya or not?
If you consider gold not just as jewellery but as a strong investment option, then buying it this Akshaya Tritiya can be a wise decision. The performance of the last 11 months, current economic indicators and uncertainties of the times to come – all are in favour of gold.
