Gold Prices Surge in India: Is Now the Time to Invest Ahead of Akshaya Tritiya?
Gold price in India rallies by ₹5000 in two weeks. Is it a right time to buy gold on Akshaya Tritiya?
Mint
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Gold prices in India have increased by ₹5,000 to ₹1,54,605 per 10 grams in the past two weeks, driven by easing crude oil prices amid US-Iran tensions. Analysts predict potential further gains of 5-6% following upcoming ceasefire developments, making it a strategic time for investment ahead of Akshaya Tritiya.
- 01Gold prices rose by ₹5,000 in two weeks, reaching ₹1,54,605 per 10 gm.
- 02Market experts expect prices to potentially reach ₹1,62,500 to ₹1,63,000 after US-Iran ceasefire talks.
- 03The gold market remains cautious, awaiting new developments that could influence prices.
- 04Support levels are critical, with a potential drop to ₹1,48,000 if prices fall below ₹1,52,000.
- 05Investors are advised to remain vigilant and consult experts before making decisions.
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As of April 18, 2026, gold prices in India have seen a notable increase of ₹5,000, climbing to ₹1,54,605 per 10 grams, largely due to a decrease in crude oil prices linked to easing tensions in the US-Iran conflict. This surge, amounting to approximately 3.30%, has generated heightened interest in gold purchases ahead of the auspicious occasion of Akshaya Tritiya. Analysts forecast that if the US-Iran ceasefire talks yield positive outcomes, gold prices could further escalate to between ₹1,62,500 and ₹1,63,000. Experts like Amit Goel from PACE 360 suggest that geopolitical developments could boost gold prices by an additional 5-6%. However, the market remains cautious, with Jateen Trivedi from LKP Securities noting a range-bound trading pattern as investors await critical updates. The outlook for gold indicates a strong bullish trend, with key support levels identified around ₹1,52,000 to ₹1,50,000. A sustained move above ₹1,55,000 could lead to further gains, while a drop below these support levels may trigger a decline towards ₹1,48,000. Investors are encouraged to consult certified experts before making any investment decisions.
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The surge in gold prices could influence buying decisions for consumers looking to invest in gold during Akshaya Tritiya, potentially increasing costs for buyers.
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