Gold prices have risen 30% to achieve £ 1 Lakh since the last Akshaya Tritiya. What level can they hit by next year? | Einsmark news

Gold Price Outlook: A sharp 30% period in gold prices since the last Akshaya Tritiya to the levels of over £ 1 Lakh has created a wave of FOMO (fear of miss) among investors in other asset classes. Gold prices, which traded at £ 73,240 per 10 grams on the last Akshaya Tritiya, are now in the vicinity of £ 94,000-95,000 per 10 grams, after briefly affecting the sought -after £ 1 Lakh point. Gold has been on a bull run since mid -2024, as a greater uncertainty about policies and an uncertain economic situation before the most important economies buy gold. According to Data from Ventura Securities, gold has delivered positive returns for the past eight years, with prices during each Akshaya Tritiya period since 2018. 2019 £ 31.729 1% 2018 £ 31.534 9% 2017 £ 28.873 -3% 2016 £ 29.805 11% 2015 £ 26,936 -11% Source: Ventura Securities with Akshaya Tritiya Tithi smells to bring wealth, happiness and lasting wealth – must buy on such high levels. But if one does the target prices of analysts, buying gold on Akshaya Tritiya can play more profits for investors. Gold price prospects for the next Akshaya Tritiya analysts expect gold prizes to trade in the vicinity of £ 1,04,000 to £ 1,10,000 through the next Akshaya Tritiya, which will fall on April 19. Gold vs Silver vs Sensex Prathamesh Mallya, DVP Research – Non Agri Commodities and Curencies have the investment at Angel One, “If we look at this table in gold pay good returns. From a one -year perspective, gold that looks $ 4,000/gram in the international markets and £ 1,10 000/10 grams. Mallya. Ventura Securities, which reflects positive sentiments about gold, said it has a significant upside potential as geopolitical tension or the global economic conditions are deteriorating and the US federal reserve’s cutting rates can rise significantly. 1,04,000 per 10 grams, reached by the following Akshaya Tritiya. These projections reflect Gold’s lasting attraction as a safe haven in times of increased uncertainty, Ventura Securities said. However, it added that gold prices could withdraw if the US Federal Reserve’s interest rate cut decisions are extended, there is a slowdown in the purchases of the central bank or an unexpected strong US economic performance. In such a scenario, it expects gold prices to correct up to $ 3,000 – $ 2,900 per ounce, or £ 90,000 – £ 87,000 per 10 grams. What should the strategy of buying gold? Although the prospects of the gold price remain good, the purchase on such increased levels also exposes investors to risks, which makes them question whether there is merit to investing in gold at current prices. To this, analysts replied that investors in the long run should consider buying on dips as soon as gold correctly corrects, as the trend in yellow metal is likely to remain firm. Gold is likely to remain strong in the foreseeable future, says Sandip Raichura, CEO – Retail Broker and Distribution, Director – Plot Brokers and Distribution. “We believe that all dips will invite the purchase of ETFs and central banks, and it is unlikely that this trend will reverse near term, and that gold will therefore maintain its upward lane,” Raichura added. Mallya also recommended a purchase-on-dips strategy for long-term investors to utilize the benefit of the value average for higher returns. One has to wait for meaningful correction to £ 85,000/10 grams for congestion, he said. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or brokerage companies, and not of currency. We advise investors to check with certified experts before making investment decisions. First published: 28 Apr 2025, 18:30 IST