Gold prices to dampen after Akshaya Tritiya? Experts offer cautious stance
[ad_1] Gold demand in India is showing no signs of slowing down, even after prices surpassed the record high of Rs 1 lakh per 10 grams, with Akshaya Tritiya just around the corner. The auspicious day, associated with prosperity, sees many people purchasing gold and silver as symbols of wealth and good fortune.Why does gold continue to attract buyers despite sky-high prices?The yellow metal continues to lure customers, thanks to its impressive returns over the past two years. Experts attribute the surge in consumer interest to a growing preference for lightweight designs and studded jewellery.Rajesh Rokde, chairman of the Gem and Jewellery Council of India (GJC), said gold has provided consistent returns of 20–25% annually over the last two years, boosting consumer confidence.“Last year, on Akshaya Tritiya, the gold price was Rs 72,000 per 10 gm, and in 2023 it […]