Gold continues to shine in 2025, reinforcing its status as a go-to safe-haven asset amid ongoing global uncertainty and economic volatility.
Gold’s Steady Ascent: A Decade of Growth
In the past ten years, gold has delivered outstanding returns, surging over 200% according to Ventura Securities, as reported by The Economic Times. Last Akshaya Tritiya, 24Kt gold was priced around ₹73,240 per 10 grams. This year, prices have climbed to ₹94,000–₹95,000, offering an impressive return of over 30% in just one year.
Zooming out further, gold was valued at ₹30,182 per 10 grams during Akshaya Tritiya in 2014. The current spike marks a cumulative growth that reflects how global market trends—from tariff wars to economic slowdowns—have consistently fueled gold demand.
Mr. Deveya Gaglani, Senior Research Analyst at Axis Securities, notes that 2025 has brought one of the strongest starts for gold investors in over a decade, with prices jumping nearly 25% in the first four months alone. Investors who bought during the last Akshaya Tritiya are now looking at gains exceeding 31%.
What’s Driving the Rally?
Several factors are at play in pushing gold to new highs. Central bank buying, declining dollar index values, and geopolitical instability—especially the renewed tariff tensions between the U.S. and China—have all contributed to gold’s bullish momentum. These developments have reinforced investor sentiment around gold as a store of value in times of economic stress.
That said, Gaglani cautions that gold is now approaching overbought territory. For new buyers, he recommends a staggered investment strategy—waiting for potential corrections of 5–10% before re-entering. While the short-term risk-reward ratio appears stretched, the long-term picture remains promising. If gold holds above ₹100,000, analysts see a possible climb to ₹110,000 by the next Akshaya Tritiya. On the flip side, a downward consolidation to ₹87,000 remains possible if momentum cools.
Outlook for Silver and Market Impacts
Silver, often viewed alongside gold as a hedge, is also seeing strong traction. Its resilience is backed by sustained industrial demand and lower interest rate expectations. The outlook for silver remains positive, with its dual role as both an investment and an industrial metal driving interest.
Meanwhile, Satish Dondapati, Fund Manager at Kotak Mahindra AMC, emphasizes that short-term gold performance will hinge on upcoming U.S. inflation and employment data—key indicators that could shift the Federal Reserve’s stance on interest rates. However, he maintains a bullish long-term view supported by central bank activity and continued macroeconomic uncertainty.
As Akshaya Tritiya 2025 approaches, the tradition of buying gold for prosperity is bolstered not just by sentiment but by real market trends. Whether you’re a seasoned investor or marking the occasion with a small purchase, gold’s momentum shows no signs of slowing—yet caution is advised at these elevated levels.
Disclaimer: The views expressed in this article reflect market expert opinions and do not constitute financial advice. Please consult a certified advisor before making investment decisions.