Gold prices cross Rs 1 lakh per 10 grams ahead of Akshaya Tritiya, setting a new record. Find out what’s driving the surge, whether it’s the right time to invest, and smart alternatives to buying physical gold.
Gold has once again stolen the spotlight by crossing the Rs 1 lakh mark per 10 grams in the domestic spot market, just ahead of Akshaya Tritiya, one of the most important gold-buying festivals in India.
For many retail investors, Gold prices cross Rs 1 lakh is sudden spike has raised a lot of questions about gold’s future and its place in their investment plans.
What’s Driving This Surge?
According to a Moneycontrol report, 24-karat gold prices in Delhi jumped Rs 1,650 to touch Rs 99,800 per 10 grams.
When you add Goods and Services Tax (GST) and making charges, the final purchase price easily crosses Rs 1 lakh.
Gold futures on the Multi Commodity Exchange (MCX) also followed the trend, touching a fresh record of Rs 1 lakh per 10 grams.
But what’s causing all this excitement?
Experts point to a mix of global economic uncertainty, rising geopolitical tensions, expectations of US interest rate cuts, and a weakening US dollar.
In simple words, whenever the world looks risky, people rush to gold for safety and that’s exactly what’s happening now.
Impact on Akshaya Tritiya Buying
Traditionally, Akshaya Tritiya is a day when buying gold is considered extremely auspicious.
Even though prices are high, many buyers are still expected to pick up small quantities — maybe shifting from buying heavy jewelry to lightweight pieces, coins, or even digital gold.
There could also be a rise in investment-driven buying rather than just buying for personal use.
Should You Invest in Gold Now?
This is the big question! after Gold prices have crossed Rs 1 lakh.
When prices hit a record high, many investors worry: “Am I buying at the peak?”
Financial advisors generally suggest that if you’re buying gold for long-term investment (like 5-10 years), it’s still a good hedge against inflation and market volatility.
However, if you’re thinking of short-term trading, it might be better to wait for some correction because Gold prices cross Rs 1 lakh is a high valuation.
A smart approach could be SIP (Systematic Investment Plan) in gold ETFs or Sovereign Gold Bonds (SGBs), so you don’t invest everything at once.
How This Year Compares to the Past
Last year during Akshaya Tritiya, gold prices were around Rs 60,000–65,000 per 10 grams but now Gold prices cross Rs 1 lakh hit harder than ever.
Within just one year, prices have skyrocketed by almost 50%, a rare and historic jump!
This shows just how powerful external factors like inflation, wars, and economic slowdown can be for gold prices.
Alternatives to Buying Physical Gold
Given the sharp price rise (and high making charges in jewelry) as Gold prices cross Rs 1 lakh, many people are exploring different ways to invest in gold:
Sovereign Gold Bonds (SGBs) – Issued by the government, offering 2.5% extra annual interest along with price appreciation.
Gold ETFs – Traded on the stock market, no making charges, highly liquid.
Digital Gold – Buy even 1 gram online, stored securely without any hassle.
These options not only save on making charges but are also safer and easier to manage.
Risks You Should Know
- Gold may look like a safe bet, but buying at an all-time high always comes with risk.
- If global tensions ease or US interest rates rise unexpectedly, prices could correct sharply.
- So, if you are planning to invest, think about your time horizon and risk appetite.
- Always avoid putting all your money in one asset class, even something as “safe” as gold!
Frequently Asked Questions (FAQs)
Is this a good time to buy gold?
- If you are a long-term investor, you can still consider buying gold, but avoid investing a large lump sum at once.
For short-term buyers, it might be better to wait for some price stability.
How can I invest in gold without buying jewelry?
You can invest through Sovereign Gold Bonds (SGBs), Gold ETFs, or Digital Gold.
These options avoid making charges and offer more flexibility and safety.
Read also: How Derivatives and US Government
What should I keep in mind while buying gold this Akshaya Tritiya?
Check the purity (prefer BIS hallmark), compare making charges, and always ask for a proper bill.
If investing for returns, explore financial gold products instead of only physical gold.
