Akshaya Tritiya is considered an auspicious and significant day in Hinduism, often seen as an ideal occasion for buying gold and vehicles. This year, Akshaya Tritiya falls on April 30, 2025, and many people are curious about how gold prices will behave on this important festival day. To answer this, it's essential to examine the price trends of gold during the previous years' Akshaya Tritiya celebrations and see how the market might react this year.
Let’s take a look at how gold prices have changed over the last few years during Akshaya Tritiya:
2015: On May 21, 2015, gold was priced at ₹27,108 per 10 grams.
2016: On May 6, 2016, gold was priced at ₹30,378 per 10 grams.
2017: On April 28, 2017, gold was priced at ₹28,873 per 10 grams.
2018: On April 17, 2018, gold was priced at ₹31,383 per 10 grams.
2019: On May 6, 2019, gold was priced at ₹31,563 per 10 grams.
2020: On April 24, 2020, gold saw a significant spike to ₹46,527 per 10 grams.
2021: In 2021, the price of gold was ₹47,700 per 10 grams.
2022: Gold price increased to ₹50,800 per 10 grams.
2023: By 2023, gold had surged to ₹60,800 per 10 grams.
2024: Last year, on May 10, 2024, gold prices touched ₹67,000 per 10 grams.
As of April 1, 2025, the price of 22-carat gold has risen by ₹850, now standing at ₹86,000 per 10 grams. The price of 24-carat gold has also increased by ₹890, reaching ₹90,300 per 10 grams. Experts predict that gold prices may continue to rise during the festive period. It is expected that on Akshaya Tritiya 2025, gold prices could range between ₹87,000 and ₹96,000 per 10 grams.
Gold price predictions for the coming years are also optimistic. According to analysts at Goldman Sachs and Bank of America, the target price for gold has been revised upwards. Goldman Sachs predicts that by the end of 2025, gold may reach $3,300 per ounce, up from the current price of $3,100 per ounce. Bank of America expects gold to hit $3,063 per ounce in 2025, and potentially reach $3,350 per ounce by 2026.
If these forecasts are accurate, the price of gold in India could rise to ₹1,00,000 per 10 grams by the end of the year or in the following years, depending on market conditions.
As Akshaya Tritiya approaches, the price of gold is expected to remain strong, reflecting both global trends and domestic market conditions. For those planning to invest in gold during the festival, it’s important to keep in mind that prices may continue to rise in the coming months, making this a potentially good time to make a purchase, albeit at a premium.
