With Akshaya Tritiya just around the corner on April 30, the spotlight is on gold—and whether the yellow metal could scale the ₹1 lakh mark per 10 grams. Currently, 24 karat gold prices are already above ₹96,000 (inclusive of GST), with futures on MCX recently touching a record high of ₹93,940.
A Stellar 2025 for Gold So Far
Gold prices have jumped nearly 20% year-to-date, gaining approximately ₹16,000 per 10 grams since January. This sharp rise is being driven by geopolitical tensions, particularly between the US and China, expectations of interest rate cuts, increased central bank buying, and investor demand for safe-haven assets.
Is ₹1 Lakh Achievable by Akshaya Tritiya?
Experts believe the momentum remains positive, but they caution that breaching the ₹1 lakh level within April may be ambitious.
According to market analysts, gold is currently testing a resistance zone between ₹94,500 and ₹95,000, while ₹92,000 is seen as a critical support. Technical indicators, such as the Relative Strength Index (RSI), suggest the metal is in overbought territory, indicating potential for short-term consolidation or volatility.
While the sentiment remains bullish, the consensus is that reaching ₹1 lakh in the next couple of weeks would require a strong new catalyst, such as fresh geopolitical escalations or a significant economic disruption.
Investor Sentiment & Recent Trends
Despite record-high prices, some profit booking has been observed. Data shows that gold ETFs saw net outflows in March, signaling cautious investor behavior. However, the overall appetite for gold as a hedge remains strong, particularly in an environment of rising uncertainty.
Experts note that gold has always performed well in crisis-like situations, thanks to its ability to retain value when other asset classes falter. Ongoing trade tensions, market volatility, and inflation concerns are likely to keep demand elevated.
Outlook for FY26
Looking ahead, the outlook for gold remains optimistic. Analysts project that if current trends continue, with central banks continuing to accumulate gold, inflation concerns persisting, and the possibility of interest rate cuts, prices could move closer to ₹95,000–₹97,000 per 10 grams by the end of FY26.
However, breaching the ₹1 lakh mark would likely require additional triggers—such as a sharper decline in global growth, renewed currency depreciation, or further escalation in geopolitical conflicts.
Experts also caution that most of the bullish factors may already be priced in, and without new developments, prices could consolidate at higher levels or even face mild corrections due to profit booking or a recovery in risk assets like equities and the dollar.
Bottom Line: Is ₹1 Lakh Within Reach?
While gold continues to glitter, a ₹1 lakh price tag by Akshaya Tritiya seems unlikely under current conditions, though not entirely out of the question. The metal remains a reliable store of value and a hedge against uncertainty, making it a preferred asset for long-term investors, especially in volatile times.
Even if the symbolic ₹1 lakh threshold isn’t crossed this month, gold’s long-term outlook remains robust heading into FY26.
Disclaimer: This article is for informational purposes only and should not be considered as investment advice.
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