By Admin 
Gold prices: There is no sign of a decrease in the price of gold in India. On April 22, the price of gold in the country has also crossed the figure of 10 grams per 1 lakh. Today is also Akshaya Tritiya and buying gold or silver on this occasion is considered auspicious. In the last two years, due to the great returns on gold, people have been excited about its purchase.
Gold gave great returns in the last 2 years
Experts believe that nowadays people’s interest in light design jewelery and Jadowe jewelery is increasing. Speaking to the news agency ANI, Jame and Jewelery Council of India (GJC) chairman Rajesh Rokade said that in the last two years, gold has given a return of 20-25 % in the last two years, so people’s trust in gold has also increased.
He further said, “The price of gold on Akshaya Tritiya last year was Rs 72,000 per 10 grams, while in 2023 it was priced at Rs 58,000. Gold is attracting buyers with annual growth of 20-25 percent. Due to this boom in gold, people are investing more and more in it. “
Akshaya Tritiya, season of weddings from above
He said that India imported 802 tonnes of gold in 2024, which is more than 741 tonnes in 2023, which despite rising prices reflects a strong growth in demand. Jewelers are also ready for the upcoming busy season. Saurabh Gadgil, chairman and managing director of PNG Jewelers, said that the demand has increased due to Akshaya Tritiya as well as the wedding season. During this time, crowds of customers taking gold or delivery in shops will increase. With the rising prices of gold, people have increased interest in Stud Jewelery. Apart from this, people are buying new in exchange for old jewelry to buy bride’s jewelry.
Gold prices may fall
Commodity analysts believe that gold prices are still increasing, but its prices may be reduced in the coming months. Ajay Kedia, director of Kedia Advisory, said, Gold has given a great return of 32 percent since Akshaya Tritiya last year. However, it is advisable for the years to buy not only from the perspective of gold investment but for formal purposes like marriage because returns are expected to remain between 6-7 percent compared to inflation. As a result, gold prices are expected to decline by Rs 86,000-87,000.
Also read:
Akshaya Tritiya Gold Price: Gold became cheaper today on Akshaya Tritiya, know your city’s new rates on April 30