Gold rate today on Akshaya Tritiya: Gold prices dip Rs 400 per 10 grams – should you buy the yellow metal?
Gold rate today on Akshaya Tritiya 2025: Gold June futures at MCX saw profit-taking on Akshaya Tritiya, commencing at Rs 95,208/10 grams, showing a decline of 0.4% or Rs 384. Additionally, silver July futures began trading at Rs 97,292/kg, down by Rs 826 or 0.84%.
The initial four months of 2025 have demonstrated exceptional performance for gold investments, with prices increasing approximately 25% during this period.
Akshaya Tritiya attracts numerous investors to purchase gold, as it is regarded as a favourable day for acquiring precious metals as a representation of prosperity and financial stability. Investors who put their money in gold last Akshaya Tritiya have realised significant gains exceeding 31%, according to Deveya Gaglani, Senior Research Analyst- Commodities, Axis Securities quoted by ET.
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On Tuesday, precious metals showed varied results in domestic and international trading. Gold June futures finished at Rs 95,592 per 10 grams, declining by 0.45%, whilst silver July futures concluded at Rs 98,118 per kilogram, advancing by 0.42%.
Tuesday’s trading saw gold and silver moving within a range, concluding differently following reports of U.S. trade negotiations with various nations. U.S. stock markets showed slight improvements, whilst economic indicators presented mixed results.
“The U.S. consumer confidence fell amid inflation fears and higher U.S. trade tariffs and unable to support gold prices. Silver showed some bargain buying amid hopes of US-China trade negotiations,” said Manoj Kumar Jain of Prithvifinmart Commodity Research.
“Market participants are waiting for the U.S. GDP and corporate earnings numbers for more clarity on the economic activities. We expect gold and silver prices to remain volatile this week amid volatility in the dollar index and ahead of the key U.S. economic data; gold prices could hold its support level of $3,200 per troy ounce and silver prices could also hold $31.40 per troy ounce levels on a weekly closing basis,” he added.
The US Dollar Index, DXY, currently trades near 99.30, showing an increase of 0.06 or 0.06%.
At MCX, Manoj Kumar Jain sees gold’s support levels at Rs 95,000-94,400 and resistance at Rs 96,040-96,650. For silver, he identifies support at Rs 97,400-96,650 and resistance at Rs 97,400-96,650.
For trading silver, Jain recommends purchasing during dips near Rs 97,400-97,000, setting a stop loss at Rs 96,350, targeting Rs 98,500-99,200.
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Deveya Gaglani advises staggered gold purchases during 5-10% price corrections, noting current elevated prices near overbought zones.
“Currently, the risk-reward ratio is unfavourable at these record levels. In a bullish scenario, if prices hold above Rs 100,000, they could reach Rs 110,000 by the next Akshaya Tritiya,” he said.
He anticipates price consolidation around Rs 87,000 on the downside.
(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)
