Gold produced 35 percent returns in a year, and people fiercely invested in gold; What is expected for the rate ahead? - Golden pries rise over Akshaya Tritiya - question, despite high rates

Ians, New -Delhi. Akshaya Tritiya is considered one of the most favorable days to buy gold. It is believed that the purchase of this day is increasing wealth. Wednesday means that today is the festival of Akshaya Tritiya, and if the investment is considered the basis only, then Gold has given a return of 35.78 percent since last time. That is, the price of gold in a year (from the previous Akshaya Tritiya to date) increased by 35 percent. According to the brokerage firm Ventura, ’24 Carat Gold Price in 2024 rose from Rs 73.240 per 10 grams to about Rs 99.450 per 10 grams this year. Looking at the figures of the past six years, the prices of gold have risen more than three times. Why gold prices are rising? In 2019, the price of 24 carat gold was on Akshaya Tritiya Rs 31,729 per 10 grams. The main reason for the increase in gold prices is the increase in global uncertainties, which inspired many investors to move to precious yellow metal as a safe investment. On April 22 this year, gold prices touched a historic milestone, when the yellow metal crossed Rs 1.00,000 per 10 grams for the first time. On the day of Akshaya Tritiya, people from South Region buy many, according to Sona Ventura, the biggest demand for gold comes from South India during Akshaya Tritiya. The region contributes about 40 percent to total sales. The western region contributes about 25 percent, 20 percent of the eastern region and 10 percent of the northern region. The interesting fact is that the most golden Akshaya Tritiya is purchased in South India. While consumers in the Northern India are most important to buy gold in Dhanteras. According to the brokerage firm, high gold prices may affect the amount of sales this year, but total revenue for the industry is expected to remain stable compared to the previous year. The possibility of falling gold prices is expected to be strong this year, and afterwards the demand for gold in the country is expected to remain strong. However, commodity experts believe that gold prices are likely to decline in the coming months to a recent high boom. The chairman of Jame and Jewelery Council of India (GJC), Rajesh Rokade, told Ani that Gold had given an annual yield of 20-25 percent over the past two years. In the past two years, people have been investing quickly due to strong returns. Rokade said India imported 802 tonnes of gold in 2024, while it was 741 tons in 2023. This shows that gold consumption increases annually, despite the price increase. Saurabh Gadgil, chairman and managing director of PNG Jewelers, said: ‘Akshaya Tritiya is falling this year amid the marriage season. We hope that there will be a great multitude for new shopping and delivery on this day. Rising prices of gold have increased the interest of consumers in burnt jewelry. Kedia’s advisory director Ajay Kedia said that in the coming years there would be a slight increase of 6-7 percent in investment in gold. As a result, gold prices can drop to a level of Rs 86,000-87,000. Kayanat Chanwala, AVP (Commodity Research), Kotak Securities said gold prices are likely to be limited soon as a result of business talks and uncertainty about the upcoming economic data. If the perception still improves, the possibility of further decline cannot be excluded, but any increase in trade stress can again support gold prices. According to a report from the Zerodha Fund House, the demand for gold has increased more than 800 tons, the increase in jewelry consumption and the increase in investment in the Gold Exchange Traded Fund (ETF) increased the demand for India to more than 800 tonnes in 2024. In 2024, the total consumption of gold jewelry in the country was 563 tons. In 2024, 239 tonnes of gold bought by humans were in fact an important place in Indian culture, especially during weddings and other favorable occasions where it is widely used. Apart from jewelry, Indians also invest in gold as bar and coins. In 2024, people bought 239 tonnes of gold as bar and coins. This indicates a 60 percent increase with 2023, which makes India the second largest investor in gold bar and coins worldwide. The Indian investor report shows that quick interest in gold ETFs also says that Indian investors show quick interest in Gold ETF. In the past five years, holding Gold ETF in India has increased from 21 tons to 63 tons. Gold produced a major return, a recent report from the National Stock Exchange (NSE) stated that India and worldwide saw strong flow in Gold-support ETFs. In the first quarter of 2025, the net flow reached $ 21 billion in Gold ETF, which is equivalent to 226 tonnes. This is the highest since the second quarter of 2020. According to the NSE, gold performed better than all other asset classes in FY 2024-25, which retained 41 percent in terms of dollars. The sale of organized retail vendors will be 9-11 percent lower. According to the report of Crisil ratings, the sale of organized gold jewelery retailers in the current financial year 2025-2026 will fall 9-11 percent. However, revenue will increase by 13-15 percent. In FY 2025, retailers had a 4-5 percent decrease in the quantity, as gold prices rose 25 percent annually amid geopolitical and economic problems. By mid -April 2025, gold prices and in the year 2025 the average price is already 20 percent more. So, even if prices rise from here only 4-5 percent, the average price for FY 2026 will be 22-24 percent annually. Silver prices were recorded on a day before the Silver Akshaya Tritiya on Rs 3.500, which became RS 3.500 expensive and reached Rs 1.02,000 per kg. Earlier on March 19, silver prices by Rs 1,000 rose to Rs 1.03,500 per kg. Also read: Gold was the most expensive this year at the occasion of Akshaya Tritiya, what does the figures say? Also read: What is Mutual Fund and how it works; Read all the details here here