Gold Prices Get CHEAPER On Akshaya Tritiya; MCX Gold Drops By Rs 496 On April 30; Muhurat Timing To Buy Gold

Gold prices in India gets cheaper on the occasion of Akshaya Tritiya, with 24 carat gold price dropping by Rs 60 in 10 grams on Wednesday. However, MCX Gold price dropped by nearly Rs 500 in 10 grams in the early trade. India is currently celebrating Akshaya Tritiya, also popularly known as Akha Teej on April 30th, which is a very auspicious occasion to buy gold.

On this Akha Teej, the buying trend in gold and silver is expected to be mixed, in light of surge in precious metal prices. Notably, gold prices have crossed Rs 1 lakh mark in 10 grams earlier this month, before correcting slightly. Despite the latest fall, gold is still expensive.

On this Akha Teej, reports have stated that All India Jewellers and Goldsmith Federation is predicting gold sales to hit 12 tonnes to Rs 12,000 crore in valuation, while silver is expected to sales of 400 tonnes worth Rs 4,000 crore. Overall, the precious metals sales are estimated at around Rs 16,000 crore.

According to Shaily Gang, Head-Products, Tata Asset Management, gold continues to stand out as a timeless and strategic investment, with central banks across Asia increasing their gold reserves to reduce dependence on the US dollar. Geopolitical tensions and inflationary pressures have further strengthened gold's appeal as a resilient hedge against uncertainty. The recent sharp rally in gold prices is a reflection of these underlying structural shifts. While short-term volatility may persist, the long-term fundamentals remain robust. Investors may consider allocating in tranches, and Akshaya Tritiya offers a meaningful opportunity to begin or strengthen their gold investment journey.

Gold Prices In India:

24K gold price dipped by Rs 60 to Rs 97,910 per 10 grams, while 22K gold price slipped by Rs 50 to Rs 89,750 per 10 grams. 18K gold price in 10 grams is at Rs 73,440 per 10 grams, down by Rs 40.

MCX Gold, Silver Prices:

MCX gold price dropped by at least Rs 496 to hit an intraday low of Rs 95,100 per 10 grams. While MCX silver price plunged by Rs 1,272 to hit an intraday low of Rs 95,590 per 1kg.

Akshaya Tritiya 2025 Muhurat Timing:

Here is the auspicious muhurat timing to buy gold on Akshaya Tritiya.

Tritiya Tithi Timing In India: Overall, in India, the tithi timing has begun from 05:31 PM on Apr 29, 2025, and will end at 02:12 PM on Apr 30, 2025.

In Delhi, the muhurat timing is 05:41 AM to 12:18 PM, while the timing is 06:11 AM to 12:36 PM in Mumbai. Further, in Hyderabad, the muhurat timing is 05:51 AM to 12:13 PM, and 05:05 AM to 11:34 AM in Kolkata. Also, the muhurat timing is 05:49 AM to 12:06 PM in Chennai, and 06:07 AM to 12:37 PM in Ahmedabad.

Gold Prices In Delhi: 24K gold price is at Rs 98,040 per 10 grams, while 22K and 18K gold prices are at Rs 89,900 and Rs 73,560 per 10 grams.

Gold Prices In Mumbai; Gold Prices In Bangalore; Gold Prices In Hyderabad; Gold Prices In Kerala; Gold Prices In Kolkata:

In these cities, 24K gold price is at Rs 97,910 per 10 grams, while the 22K and 18K gold prices are at Rs 89,750 and Rs 73,440 per 10 grams.

Gold Prices In Chennai: Here, gold prices were at Rs 97,910 per 10 grams in 24K, at Rs 89,750 per 10 grams, and at Rs 74,340 per 10 grams in 18k.

Should You Buy Gold On Akshaya Tritiya?

""In the current scenario of geopolitical tensions and currency fluctuations, gold continues to emerge as a reliable asset. While there might be a possibility of short-term price correction, the yellow metal will continue to remain a safe-haven asset. For consumers, gold will continue to offer both financial strength and emotional significance. Therefore, investing in gold remains a powerful way to celebrate prosperity and secure your future," said Aksha Kamboj, Vice President, Indian Bullion and Jewellers Association (IBJA) and Executive Chairperson, Aspect Global Ventures.

This Akshaya Tritiya, while the world is struggling to find direction, gold not only provides the feeling of safety but also quiet optimism. On the auspicious day, gold continues to live up to its legacy as a symbol of wealth and prosperity. With consistent gains in 11 of the past 14 years-and especially strong double-digit returns in the last three-gold has nearly doubled since 2022. It's easy to see why Indians continue to buy gold on this sacred occasion, explained Rahul Kalantri, VP Commodities, Mehta Equities.

Lastly, Kalantri said, higher prices further strengthen the belief of Indians in Gold since this was the reason for them to save in Gold over a period of time that helps them fulfil their life milestones. Gold has support at $3265-3240 while resistance at $3325-3355. Silver has support at $32.65-32.40 while resistance is at $33.25-33.50. In INR gold has support at Rs94,750-94,180 while resistance at Rs95,950-96,390. Sliver has support at Rs95,380-94,550 while resistance at Rs97,850 -98,550.

Disclaimer: The write-up is just for information purposes, and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on article mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.