Akshaya Tritiya Gold Demand Surge
Akshaya Tritiya is an auspicious time for investors to purchase gold.
Too little corroboration in the last 3 days to call a trend (1 article). Watching for it to gain traction.
"This day is also one of the most auspicious for buying gold."
"Since many worship Goddess Lakshmi on the day, there’s a high demand of gold among the devotees. Hence, this could likely push up the gold prices."
""Typically, gold price witnesses a slight rise around festive season like Akshaya Tritiya, in reflection to the spike in demand.""
"With a growing price and the benefit of some protection against inflation, now is a great time to invest in gold."
"The domestic gold rate traded near record high led by demand for physical gold in India during a key festival of Akshaya Tritiya 2024."
"The trajectory of the gold price is upward and we expect prices to touch Rs 80,000 per 10 gm by next Akshaya Tritiya."
"Any dip in gold price today should be viewed as a strategic buying opportunity, as demand for physical gold is expected to gain momentum on Akshaya Tritiya."
"However, from investment perspective, if we look at the return given by both gold and silver in long term, the ritual looks an attractive investment option for a long term investor."
"However, given the strong cultural connect, any short-term softening of price could mean an Akshaya Tritiya surprise for jewelry demand."
"Commodity experts have said that Akshaya Tritiya is a good time for investors to purchase gold as its price has dipped at the Multi-Commodity Exchange (MCX)"