Mumbai, April 30, 2025 — As millions of Indians mark Akshaya Tritiya today—a festival synonymous with prosperity and auspicious new beginnings—gold continues to hold its allure despite recent price fluctuations. Traditionally considered a harbinger of wealth and good fortune, buying gold on Akshaya Tritiya remains a time-honored ritual, passed down through generations.
At 9:10 am on April 30, MCX Gold June 5 contracts fell 0.46% to ₹95,151 per 10 grams, showing a weakening from recent peaks. Only last week, on April 22, the yellow metal had hit an all-time high at ₹99,358 per 10 grams, before it fell more than ₹4,000 in view of geopolitical tensions and global economic worries.
The volatility, though, does not overshadow gold’s stellar long-term performance. Gold prices have risen by more than ₹68,000 per 10 grams over the past decade, as per HDFC Securities. Gold was at ₹26,936 per 10 grams on Akshaya Tritiya 2015 (April 21). Cut to today, the precious metal is trading at ₹94,395, a whopping 252% rise in ten years.
The highest-profile rally occurred during the pandemic. From April 26, 2020, to February 3, 2021, gold returned a staggering 45.98%, highlighting its status as a safe-haven asset during times of economic crisis. More recently, returns of 29.79% and 21.98% have been seen between 2023 and 2024, reflecting high investor confidence in the metal during lingering market uncertainty.
Even as short-term volatility grabs headlines, the long-term trend of gold is one of strength and increasing worth securing its place not just as a cultural touchstone on Akshaya Tritiya, but also as an intelligent investment option.
As prices correct modestly from recent highs, much of the consumer base is likely to take advantage of today’s value to invest in gold, reasserting their confidence in the metal’s long-standing presence and financial vigor.
