New Delhi, April 17: In India, the tradition of purchasing gold and silver during Akshaya Tritiya is not only religious but also economically significant. These precious metals serve as a means of wealth preservation and are a major way to transfer assets across generations. This is why, despite high prices, the demand for gold and silver remains strong on this day.
Since last year’s Akshaya Tritiya, both gold and silver have seen substantial price increases, yielding good returns for investors. Data indicates that investments made on this day over the past nine years have generally been profitable. Indian households are estimated to hold about 11-16% of the world’s total gold, surpassing the combined reserves of the USA, Germany, Italy, and Russia.
Regarding gold, the price of 24-carat gold on April 30, 2025, during last year’s Akshaya Tritiya, was approximately ₹97,910 per 10 grams. As of April 17, 2026, it has surged to around ₹1,51,358 per 10 grams, marking an increase of over 55%. This year, Akshaya Tritiya will be celebrated on April 19, 2026, and the market is already buzzing with buying activity.
Experts suggest that despite high prices, the demand for gold may remain robust this time. Factors such as global uncertainty, a weak dollar, and central bank purchases are contributing to the ongoing rise in gold prices.
On the other hand, silver has outperformed gold in terms of returns. Since last year’s Akshaya Tritiya, silver has provided over 155% returns. The price of silver on the MCX has increased from about ₹1,00,000 per kilogram to ₹2,51,400 per kilogram. Notably, silver’s price is influenced not only by investment demand but also by industrial demand, leading to more significant price fluctuations.
According to experts, while both metals exhibit volatility, the outlook remains positive. Gold has consistently performed well over the past five years and has provided good returns around Akshaya Tritiya. It is expected that gold prices may continue to rise, potentially reaching between ₹1,70,000 and ₹1,85,000 per 10 grams in the domestic market.
However, experts advise investors to consider gradual investments rather than lump-sum purchases to mitigate risks.
In the mid-term, silver is also projected to see price increases, although it may experience more volatility. Predictions suggest that silver prices could reach up to ₹3,50,000 per kilogram in the future.
Arpit Soni has had a passion for journalism since the beginning. Now he has turned this hobby into his profession. Arpit, who is a resident of Udaipur, enjoys editing and writing news related to journalism. He has worked as a Senior Content Producer in several important roles at Bhaskar, Patrika, Pratahkal, Punjab Kesari, and Times. Arpit completed his schooling in Udaipur and Jaipur. He has been working in the media industry for more than 10 years, and his journey is still continuing. ✍️📚
Leave a Comment