Gold on Akshaya Tritiya: In view of the price of gold, there is a decrease in demand on Akshaya Tritiya. Gold, which has touched the figure of lakhs of rupees, has reduced the enthusiasm of the people. Last year, the price of gold has increased by 30 percent this year from Akshaya Tritiya. Gold is getting away from the reach of people.
festival of Akshaya Tritiya
The festival of Akshaya Tritiya is falling on 30 April this year. Buying gold on this day is very auspicious and it is believed that it increases prosperity in the house. For this reason, a large number of people buy gold for investment as well as consumption. According to the brokerage firm Ventura, the price of gold has increased by more than 30 percent from the Akshaya Tritiya of 2024. Last year, 10 grams of gold of 24 carats on Akshaya Tritiya was Rs 73,240, which has now increased to Rs 94,000-95,000 per 10 grams.
Price of gold
At the same time, in the last six years, gold has given a return of more than three times. On Akshaya Tritiya of 2019, the price of 24 carat gold was Rs 31,729 per 10 grams. Due to international instability, people are investing in large numbers in gold, due to which gold prices remain at a high level. On April 22, the price of gold rose to Rs 1,00,000 per 10 grams for the first time.
Demand for gold
According to Ventura, the demand for gold on Akshaya Tritiya is most observed in South India, and the area’s share in total sales is about 40 percent. At the same time, West contributes 25 percent, East 20 percent and North 10 percent.
Muhurta of worship
Consumers in North India give more importance to the festival of Dhanteras for gold shopping. The brokerage firm further stated that the quantity of sales can be seen due to the high level of gold. However, the total income of the industry will remain equal to last year. In 2025, Akshaya Tritiya Tithi will start from 5:31 pm on April 29 till 2:12 pm on 30 April. The Muhurta of worship is on April 30 from 5:40 am to 12:18 pm.