KKN Gurugram Desk | As Akshaya Tritiya 2025 approaches on April 30, gold prices in India have surged to historic highs, coming within touching distance of the psychological barrier of ₹1,00,000 per 10 grams. On Tuesday, April 15, gold prices in Delhi reached ₹96,450 per 10 grams, marking an all-time high and fueling speculation that prices could breach the ₹1 lakh mark even before the auspicious festival.
The spike in gold prices is being attributed to a combination of global economic uncertainties, surging demand in Asian markets, and geopolitical tensions that are driving investors towards traditional safe-haven assets like gold.
Akshaya Tritiya, also known as Akha Teej, is one of the most significant and auspicious days in the Hindu calendar. It is traditionally associated with wealth, prosperity, and new beginnings. Buying gold on this day is believed to bring lasting good fortune and prosperity.
Naturally, the demand for gold spikes sharply in the days leading up to Akshaya Tritiya, with jewelry sales peaking across India, especially in states like Maharashtra, Tamil Nadu, Gujarat, and West Bengal. This seasonal surge in demand often results in higher gold prices in domestic markets.
Current Price in Delhi (April 15, 2025): ₹96,450 per 10 grams
Price gap from ₹1,00,000 mark: ₹3,550
Highest recorded price ever in India
Gold prices have risen over 22% in 2025 so far
Growing concerns of a global economic slowdown, triggered by rising inflation, interest rate cuts, and fears of a recession in the U.S. and Europe, have led investors to move funds into safer assets like gold.
Continued instability in the Middle East, Russia-Ukraine conflict, and rising tensions in the South China Sea have caused uncertainty in global markets. Gold, being a traditional hedge against geopolitical risk, is benefiting from the turmoil.
According to international data, China has increased its gold reserves to a record level, fueling global demand and tightening supply. The Chinese central bank has been consistently adding gold to its reserves, which has created an upward pressure on prices globally.
The Indian Rupee’s depreciation against the U.S. Dollar has made gold more expensive domestically, even if global prices remain stable. The exchange rate directly impacts the landed price of imported gold.
With growing uncertainty across stock markets and the cryptocurrency sector facing increased volatility, many investors are allocating funds to gold ETFs, sovereign gold bonds, and physical gold.
As the festival nears, analysts and market experts believe that there is a strong likelihood of gold touching or even exceeding ₹1 lakh per 10 grams before April 30.
ICICI Securities: Gold could test ₹1,00,500 levels if global cues remain bullish.
Motilal Oswal: Domestic demand could push prices beyond ₹1 lakh by Akshaya Tritiya.
India Bullion and Jewellers Association (IBJA): “We are already witnessing a 15–20% rise in bookings compared to last year. The ₹1 lakh mark is very much in sight.”
Jewellers across the country report soaring footfall and pre-bookings, yet consumers are showing mixed reactions. While many are rushing to buy before prices rise further, others are hesitant, waiting for possible corrections post-Akshaya Tritiya.
Some consumer observations:
“We are pre-booking wedding jewelry now. Prices are going up every day.” – Buyer in Mumbai
“There’s hope that the government might reduce import duties. We’re waiting.” – Retailer in Kolkata
“Even a small correction will create massive buying pressure.” – Analyst in Chennai
| Year | Gold Price (₹ per 10 gm) | YoY Increase |
|---|---|---|
| 2021 | ₹47,350 | – |
| 2022 | ₹51,600 | +9% |
| 2023 | ₹59,200 | +14.7% |
| 2024 | ₹78,400 | +32.4% |
| 2025 | ₹96,450 (as of April 15) | +22% (YTD) |
If the trend holds, prices could very well touch ₹1.05 lakh before stabilizing.
Financial advisors offer divergent views on whether now is the right time to invest in gold:
Rising inflation hedge
Safe long-term asset
Seasonal demand ensures price support Why You Should Wait:
Possibility of post-festival correction
Volatile global trends
Overbought technical indicators
Still, most analysts suggest allocating at least 10–15% of one’s investment portfolio to gold in the current environment.
The Indian government, which heavily regulates the import and trading of gold, has so far not indicated any immediate policy intervention to cool prices.
However, jewellers are urging the government to:
Reduce import duties (currently 15%)
Expand gold bond schemes
Promote digital gold platforms for safe, tax-efficient investments
Globally, gold prices are hovering near $2,430 per ounce, up from $2,010 in January 2025. Central banks of Russia, China, and several Middle Eastern nations are accumulating gold, anticipating currency market disruptions and continued economic uncertainty.
With rising prices, cases of fake gold, impure jewelry, and gold loan frauds have also been reported. Experts recommend:
Buying only hallmarked jewelry
Opting for trusted jewelers
Verifying with the BIS Care app or official websites
With all indicators pointing upwards, here’s what to expect:
| Factor | Impact on Gold Prices |
|---|---|
| Akshaya Tritiya demand | Strong bullish trend |
| Global recession fears | Continued price support |
| Rupee volatility | Upward price pressure |
| Geo-political instability | Higher international demand |
| Retail gold ETF flows | Strong positive sentiment |
As India prepares for Akshaya Tritiya 2025, gold continues to shine—both as a cultural symbol and a financial asset. With prices hovering just below ₹1 lakh per 10 grams, it is likely that the historic milestone may be breached in the coming days. Whether for tradition or investment, gold remains the metal of choice for millions of Indians navigating a turbulent global economy.
KKNLive will continue to bring timely updates on gold prices, market forecasts, and consumer trends leading into Akshaya Tritiya. Stay tuned for more.
This post was published on April 16, 2025 11:43
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