Gold prices, which have been consistently rising, may surpass Rs 1 lakh per 10 grams by Akshaya Tritiya this year. Currently, gold is trading above Rs 96,000 per 10 grams. Since last year’s Akshaya Tritiya, gold has seen a 32% surge in price.
Analysts say the rally has remained strong since the beginning of 2025, with the precious metal hitting new highs almost every third day. Given the current momentum, it could breach the psychologically significant Rs 1 lakh level any day now.
Global Unrest and Tariffs Impact
The surge in prices is largely attributed to escalating global tensions and the imposition of US tariffs, which have led investors to turn to gold as a safe haven asset. So far in 2025, gold has become 22% or Rs 17,000 more expensive.
Akshaya Tritiya, considered an auspicious day for gold purchases, falls on April 30 this year. Retailers and consumers are expected to drive strong buying activity this month, which could further push up prices. Following Akshaya Tritiya, the wedding season in India will also begin, adding to the demand and keeping buying sentiment strong.
On Akshaya Tritiya last year, which fell on May 10, 2024, gold was priced at Rs 73,000 per 10 grams—showing how sharply prices have climbed within a year.
