Gold Price Today: Check 24, 22 Carat Latest Rate Per Tola-Buy Gold or Wait?
As the nation celebrates Akshaya Tritiya today, gold prices have touched record highs, sparking a fresh wave of discussion among buyers and investors. According to the India Bullion and Jewellers Association (IBJA), the price of 24-karat gold (999 purity) today is ₹96,286 per 10 grams, while 22-karat gold (916 purity) is priced at ₹88,198. This sharp increase has made potential buyers pause and reconsider—is it wise to invest in gold this year, or wait for a correction?
Gold Rate Today-
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Why Are Gold Prices Rising So Fast?
Analysts point to global market dynamics as the primary driver behind the gold rally. Ongoing trade disputes, geopolitical tensions, and fears of economic slowdowns are pushing investors toward gold—a safe haven asset during uncertain times. The result? A year-to-date surge of nearly 30% in domestic gold prices.
“Gold prices have shown a parabolic rise in recent months,” says Deveya Gaglani, Senior Research Analyst, Commodities at Axis Securities. “From ₹90,000 to ₹1 lakh, the jump happened in just 12 days. In contrast, it took 77 days for the price to rise from ₹80,000 to ₹90,000. This pace suggests a possible near-term correction of 5–10%,” he explained.
Despite this rapid rally, experts say the long-term outlook remains positive. “If global uncertainty continues, we could see gold reaching ₹1,05,000–₹1,08,000 per 10 grams in the next 3–6 months,” Gaglani added.
Is Akshaya Tritiya Still a Good Time to Buy?
Traditionally, Akshaya Tritiya is considered one of the most auspicious occasions to buy gold in India. The word Akshaya means “never diminishing,” and buying gold on this day is believed to bring lasting prosperity.
Even with soaring prices, footfall at jewellery stores has remained strong. Many buyers are opting for smaller, symbolic purchases or shifting to digital gold and gold ETFs.
Surendra Kamboj, spokesperson for IBJA, believes that cultural sentiment continues to drive demand. “Akshaya Tritiya is about tradition. Gold buying is part of the celebration. Even if someone buys a gram or two, it’s still meaningful. The financial value may fluctuate, but the cultural value remains intact,” he said.
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What Are the Best Investment Options?
Financial advisors recommend that long-term investors follow a balanced approach to gold investment. Instead of making large purchases at peak prices, experts suggest staggered buying—investing small amounts during market dips.
“For investors looking at better returns, gold ETFs and digital gold are excellent options,” says Gaglani. “They offer liquidity, security, and lower overhead costs compared to physical gold.”
Ankur Shah, a senior analyst at Anand Rathi, adds, “Short-term investors should tread carefully. The sharp rally could lead to volatility in the coming weeks. However, gold remains a strong hedge against inflation and a great tool for portfolio diversification.”
Shah advises allocating a portion of your investment portfolio—typically 10-15%—towards gold to protect against market uncertainties.
Key Takeaways for Investors
- Today’s Rates: ₹96,286 for 24K gold, ₹88,198 for 22K gold (per 10g)
- Short-Term View: Risk of 5–10% price correction due to steep rally
- Long-Term View: Prices may rise another 10–15% in 3–6 months
- Best Strategy: Staggered buying, invest via digital gold or ETFs.
Should You Buy Gold Today?
If you’re buying gold for cultural reasons this Akshaya Tritiya, experts say go ahead—even small amounts hold sentimental and long-term value. But if you’re investing for returns, a cautious, phased approach may be better given current volatility.
As Kamboj puts it, “Buying gold today isn’t just about price—it’s about belief, tradition, and securing your future in uncertain times.”
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