Gold Climbs ₹68500 in 10 Years. Akshaya Tritiya 2025 Arrives Amid Record Prices

Akshaya Tritiya 2025 is here, and gold is once again the center of attention. This year, the festival is being celebrated on Wednesday, April 30. Known as Akha Teej in some parts of India, Akshaya Tritiya is regarded as an auspicious day to bring prosperity and lasting success. While many people mark this occasion with traditional rituals, purchasing gold remains one of the most prominent customs.

But this year feels different. Gold prices have reached historic highs in India, generating considerable interest among both buyers and market observers. If you’ve been following the trend—or even if you haven’t—you’ll find the numbers quite eye-catching.

Gold at Record Highs on Akshaya Tritiya 2025

As of today, gold prices have surged beyond expectations. In Delhi, the cost of 24-carat gold (Gold 999) at 9:00 am today was ₹95,340 per 10 grams, while 22-carat gold is priced at ₹87,400 per 10 grams. This follows a remarkable rise from just a few months ago, when prices had already briefly crossed the ₹1 lakh mark, setting a new all-time high for the commodity in India.

To give this some context, let’s look at the long-term trajectory of gold. In 2015, gold was priced around ₹24,931 per 10 grams. Fast forward to 2025, and that figure has jumped to ₹98000+—a staggering increase over the past decade.

A Look at Gold’s Decade-Long Climb

Let’s break down what this price movement looks like, using specific data points:

• On Akshaya Tritiya in 2019, gold was priced at ₹31,729 per 10 grams.
• On Akshaya Tritiya 2024, gold was trading at ₹73,240 per 10 grams.
• Today, April 30, 2025, gold is priced at ₹98265 per 10 grams (24kt).

From 2019 to 2025, that’s a 209% gain. In just one year, from Akshaya Tritiya 2024 to the present, the price of gold has increased by more than 30%. And in 2025 alone, gold has gained around 23%, or ₹18,000.

This isn’t just a short-term surge. According to data compiled by Forbes India, gold prices have more than doubled in under three years and increased by 50% over the past year. Source: Forbes India

What’s Driving Gold Prices in 2025?

There’s no single reason for the spike. Instead, it’s a combination of global uncertainties and shifting investor sentiment. Here are some of the key factors:

1. Geopolitical Tensions: Trade conflicts between major global economies—particularly the United States and China—have disrupted financial markets, triggering a flight to safety. Gold is often seen as a safe-haven asset during such times, which increases demand and pushes prices up.
   
2. Policy Developments: The global monetary environment is also in a state of flux. Events like the U.S. Fed’s policy changes and political decisions—such as former President Donald Trump’s fluctuating stance on Federal Reserve Chair Jerome Powell—have impacted market expectations and risk appetite.
   
3. Volatility in Global Markets: Ongoing uncertainty in equity and bond markets has made alternative assets, such as gold, more appealing to cautious investors.
   

As a result of these combined forces, gold futures on the MCX (Multi Commodity Exchange) hit a high of ₹99,358 before softening slightly. June contracts are currently down by about 4% or ₹3,700 from that high. However, volatility remains, and market participants are closely watching upcoming policy shifts and global cues.
Source: The Mint

Changing Consumer Behavior: This Akshaya Tritiya

Despite the high prices, consumer interest has not waned ahead of Akshaya Tritiya 2025. According to Prithviraj Kothari, Managing Director of RiddiSiddhi Bullions Ltd (RSBL), people continue to attend in large numbers, especially in South India, where the festival holds strong cultural significance.

However, buying patterns have evolved. With prices hovering near ₹1 lakh per 10 grams, many consumers are choosing:

• Lighter jewellery pieces, often made with one to one-and-a-half sovereigns instead of two.
• Gold coins are easier to purchase in small denominations.
• Exchange schemes, where old jewellery is traded in for new items at full value.

Jewellers are also adjusting. They’re launching new collections, offering discounts on making charges, and promoting alternatives like silver jewellery to appeal to a broader range of customers. Source: The Mint

Historical Returns: A Look Back

For those interested in historical patterns, here’s a quick snapshot of gold’s performance from one Akshaya Tritiya to the next over the last few years:

• 2024–2025: 30% gain
• 2023–2024: 22% gain
• 2022–2023: 17% gain
• 2019–2020: 46% gain

The average annual return over the last 10 years stands at approximately 14%, based on year-on-year price increases from each Akshaya Tritiya. Source: The Economic Times

What Lies Ahead?

There are various projections on how gold may move in the near term. Some analysts see the potential for gold to revisit its peak levels. According to Anuj Gupta of HDFC Securities, domestic MCX gold futures could touch ₹1,00,630 or even ₹1,02,050 under favorable conditions. Internationally, spot gold is being watched closely for movements towards the $3,540–$3,737 range.

That said, these are speculative projections and reflect ongoing global uncertainties more than guaranteed outcomes.

Final Thoughts

Akshaya Tritiya 2025 is being marked by tradition and record gold prices. Whether as a ritualistic purchase or a reflection of broader market sentiment, gold remains culturally and financially significant. However, as this year demonstrates, rising prices are also reshaping how people approach this precious metal, from what they buy to how much they buy, to where they choose to invest their money.

Whether you’re watching the markets or visiting a jewellery store, there’s no denying that gold is in the spotlight this Akshaya Tritiya—and perhaps more so than ever before.

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