Gold holds a deep cultural and emotional value in India. Whether it’s a wedding, a festival, or an auspicious occasion like Akshaya Tritiya, buying gold is always seen as a symbol of prosperity and good fortune. This is why India remains the largest consumer of gold in the world.
Why Is Now the Right Time to Buy Gold?
Just before Akshaya Tritiya, there has been a noticeable drop in gold prices – making it an ideal time for both customers and investors. With the market previously hitting high price levels, this dip comes as a welcome relief.
Today’s Gold Rates (April 30, 2025) (Per 10 grams)
| City | 22 Carat (₹) | 24 Carat (₹) |
|---|---|---|
| Delhi | ₹89,960 | ₹98,130 |
| Mumbai | ₹89,810 | ₹97,980 |
| Kolkata | ₹89,810 | ₹97,980 |
| Lucknow | ₹89,960 | ₹98,130 |
| Jaipur | ₹89,960 | ₹98,130 |
| Patna | ₹89,860 | ₹98,030 |
Note: Minor differences may occur due to local taxes and making charges.
Why Did Gold Prices Fall?
Several global and local factors have contributed to this decline:
- Reduced US-China trade tensions
- Strengthening of the US Dollar
- Changing investor sentiment
- Decreased global uncertainty
- Domestic demand-supply variations
- Seasonal trends and festive buying behavior
What to Check Before Buying Gold
- Carat Purity – 24K is the purest but mostly 22K or 18K is used for jewellery.
- BIS Hallmark – Ensure the gold has a BIS certification.
- HUID Number – A 6-digit unique code stamped on jewellery.
- Making Charges and GST – Clarify all charges in advance.
- Always Take a Receipt – Essential for resale or legal proof.
Benefits of Investing in Gold
✅ Protects against inflation
✅ Highly liquid asset
✅ Lower risk than stocks or real estate
✅ Excellent long-term returns
✅ Useful in emergencies (loans against gold)
Drawbacks
❌ Price volatility
❌ Storage and safety concerns
❌ Additional costs (making charges, GST)
Forms of Gold Investment
- Physical jewellery
- Coins or biscuits
- Digital gold
- Gold ETFs
- Sovereign Gold Bonds
Each comes with its own pros and cons. Jewellery has higher overhead costs, while ETFs and bonds are more cost-effective and secure.
Gold Price Trend (Last 7 Days – 24K per 10 gm)
| Date | Price (₹) |
|---|---|
| April 30 | 98,130 |
| April 29 | 98,120 |
| April 28 | 97,680 |
| April 27 | 98,310 |
| April 26 | 98,310 |
| April 25 | 98,340 |
| April 24 | 98,340 |
Gold Price Forecast for 2025
Experts believe if geopolitical tensions rise globally, gold prices may reach record highs again. However, if the global economic situation remains stable, prices could stay flat or slightly decrease. This is a good time for strategic, long-term investments.
5 Golden Rules for Buying Gold
- Look for BIS hallmark
- Verify carat purity
- Understand all extra charges
- Always take a receipt
- Compare prices across platforms
Final Thoughts
The drop in gold prices just before Akshaya Tritiya presents a great opportunity to buy. Whether you’re purchasing for tradition, celebration, or investment, this could be the ideal moment. However, remember to check quality, purity, and all charges before making a purchase.
Disclaimer
This article is based on current market trends and general information. Gold prices are subject to continuous change due to various global and domestic factors. Please consult a financial advisor before making any investment.