New Delhi, April 29
Gold has continued to shine bright for investors, delivering a return of over 30 per cent since last year's Akshaya Tritiya, according to brokerage firm Ventura.
As the festival approaches this Wednesday, the price of 24-carat gold has surged from Rs 73,240 per 10 grams in 2024 to nearly Rs 94,000-Rs 95,000 per 10 grams this year.
Akshaya Tritiya is considered one of the most auspicious days to buy gold. It is believed that purchases made on this day invite prosperity and good fortune.
With this belief deeply rooted in tradition, millions across the country turn to gold not just for adornment but also as a time-tested investment -- especially during uncertain times.
Over a longer horizon, gold has delivered even more impressive returns. In the past six years, gold prices have more than tripled. On Akshaya Tritiya in 2019, 24-carat gold was priced at Rs 31,729 per 10 grams, the firm said.
The surge in gold prices is largely attributed to rising global uncertainties, which have prompted many investors to turn to the yellow metal as a safe-haven asset.
On April 22 this year, gold prices hit a historic milestone, breaching Rs 1,00,000 per 10 grams for the first time.