Akshaya Tritiya 2026 is set to deliver record-value sales of precious metals even as sky-high prices reshape how India buys gold and silver, with trade expected to exceed ₹20,000 crore, according to the Confederation of All India Traders (CAIT).That marks a jump from last year’s estimated ₹16,000 crore, despite bullion rates touching unprecedented highs. “Akshaya…
Till recently every geopolitical scare, dollar wobble and equity-market stumble pushed gold higher, taking it to record highs of $5,417 an ounce and ₹1.75 lakh per 10 gm by end-January. The subsequent correction — about 11 per cent in dollar terms and 14 per cent in rupee terms — has not materially altered the long-term…
As Akshaya Tritiya approaches, investors are increasingly turning to modern gold investment options such as ETFs, digital gold and derivatives alongside traditional physical buying. | Photo Credit: iStockphoto Flexible and transparent gold investment options are likely to remain popular alongside physical buying on this Akshaya Tritiya, to be celebrated on Sunday, as investors show a…
FILE PHOTO: Gold bangles are displayed at a jewellery store in Mumbai, India, March 20, 2025. REUTERS/Francis Mascarenhas/File Photo | Photo Credit: FRANCIS MASCARENHAS Every Akshaya Tritiya, India does what it has done for generations: it buys gold. Families see it as prosperity, continuity and security. That instinct is deeply cultural. But in 2026, it…
FILE PHOTO: Gold bangles are displayed at a jewellery store in Mumbai, India. | Photo Credit: FRANCIS MASCARENHAS Gold prices in India saw a decrease in all key cities today, April 17, excepting in Chennai and Hyderabad. The price for 8 grams of 24-carat gold also dropped in all cities compared with the previous session….
The Indian government has permitted 15 top banks, including the State Bank of India, HDFC Bank, Bank of India and others to import gold and silver from April 1, 2026 to March 31, 2029, a government notification said on Friday. This is a developing story. Published on April 17, 2026
Global investment firm Jefferies in its latest report said that gold has entered a consolidation phase following a strong retail-driven buying surge seen late last year and early this year across key markets including India, China and the United States. The report noted that the earlier rally in gold demand, particularly from retail investors, has…
Gold demand in India was modest this week, as high domestic prices weighed on retail purchases ahead of the key Akshaya Tritiya festival weekend, while premiums in China held steady. Dealers quoted discounts of up to $4 an ounce and though some quoted premiums of $14 an ounce over official domestic prices this week helped…
Indian banks have halted gold and silver import orders from overseas suppliers, with tonne of the metals stuck at customs as a formal government order has not been issued authorising bullion imports, trade sources said. Without fresh imports, India could face supply shortages, as the world’s second-largest gold consumer and biggest silver buyer relies on…
While gold is considered an inflation hedge, higher interest rates crimp demand for the non-yielding asset. Gold held largely steady on Friday and was on track for a fourth straight weekly gain, as hopes for a US-Iran peace deal eased fears of higher inflation and elevated interest rates. Spot gold rose 0.2 per cent to…
