New Delhi, April 25 (H.S.): Akshaya Tritiya is on April 30, regarded by Hindus as an auspicious day for gold purchases, similar to Dhanteras. Owing to a significant rise in gold prices over the past year, investors who bought gold on last year’s Akshaya Tritiya (May 10) have reportedly earned a profit of approximately 34.25 percent, with the price rising from ₹73,000 to ₹98,330 per 10 grams shortly before this year’s celebration. Experts predict that demand for gold may push prices even higher, potentially exceeding ₹1,35,000 per 10 grams if ongoing tariff wars remain unresolved. Conversely, if global economic fluctuations stabilize, a price correction may occur, bringing gold down to ₹75,000 per 10 grams.

Rajeev Dutta, CEO of Capex Gold and Investments, attributes the near 35 percent price rise to global inflation, increased central bank gold purchases, and geopolitical tensions. He advises investors to avoid selling off their entire gold investment due to these uncertainties, although partial sales for profit-booking may be considered. Commodity market expert, Mayank Mohan, suggests selling some gold to capitalize on current market trends but emphasizes the potential for long-term gains if investors hold onto their gold longer.

Investors are cautioned against significantly increasing their gold investments at this time, given the rapid price escalation over the past year, which could indicate an imminent correction. For those looking to invest in gold, Delhi bullion trader Vijay Malhotra recommends avoiding jewelry purchases due to additional making charges. Instead, he advocates for Gold ETFs, e-gold, or paper gold, which offer clearer pricing without extra costs, making these options more suitable for small investors focused on gold as an investment.

Hindusthan Samachar / Jun Sarkar