Akshaya tritiya 2025: This year Akshaya Tritiya will be celebrated on 30 April 2025. According to the Hindu calendar, the Tritiya Tithi of the Shukla Paksha of Vaishakh month is called Akshaya Tritiya. ‘Akshay’ means – which is never destroyed. This is the reason that shopping of precious metal like gold and silver is considered auspicious on this day. If you compare gold this time with the rate of April last year, Gold has given 31 percent returns in the last one year.
Why do people buy gold on Akshaya Tritiya?
The purchase of gold on Akshaya Tritiya is considered a symbol of prosperity, good fortune and stability. It has become a better investment option along with tradition. In recent years, there has been a strong increase in the purchase of gold on this day.
Gold gave 31% return in a year
Last year, the price of 24 carat gold on the day of Akshaya Tritiya was around Rs 73,000 per 10 grams. Now gold has increased to above Rs 96,000. That is, in about a year, gold has given a return of about 31%, which is much better than traditional investment means.
What are the reasons behind the boom of gold?
Weakness in dollar index
Expected to cut interest rates
Fear of economic uncertainty and recession
Purchase of heavy gold by central banks
Investment in ETF
Due to all these reasons, the demand and prices of gold have increased rapidly in not only India, but also in the global market.
Will the price of gold move forward?
There is a possibility of increasing the price of gold further. All have estimated the price of gold in a year.
Goldman Sachs: Can go up to $ 3,700 per off by the end of the year
Bank of America: By 2025 you can go up to $ 3,500 per.
UBS: Estimate $ 3,500 per bounce
How to invest in gold?
Physical Gold (eg jewelry, coins, bars)
Digital gold
In terms of investment, gold ETF and digital gold are much better, as they do not have problems with men’s charge and storage, as well as benefits in tax.
Buy gold on this Akshaya Tritiya?
If you consider gold not just jewel, but a strong investment option, then it can be a wise decision on this Akshaya Tritiya.
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