The entire nation is celebrating Akshaya Tritiya today, Sunday, April 19, 2026. On this auspicious occasion, gold prices have recorded a massive 63 percent increase over the past year. Considered a symbol of prosperity and good fortune in the Hindu calendar, small investors are once again looking at bullion (gold and silver) as a preferred investment option. The surge in gold prices has been driven by geopolitical uncertainties, continuous buying by central banks, and strong investment demand.
Historical Performance and Kedia Advisory Data
According to data compiled by Kedia Advisory, gold prices on the Multi Commodity Exchange (MCX) have consistently performed well around Akshaya Tritiya.
Experts believe that despite intermittent fluctuations, gold has provided excellent returns to investors, further strengthening its credibility as a reliable long-term investment.
Axis Securities Report and CAGR Insights
According to a report by Axis Securities, there has been a clear trend of increasing returns in gold around Akshaya Tritiya. The report highlights that gold achieved an 18 percent Compound Annual Growth Rate (CAGR) during the period from 2016 to 2026. According to the brokerage firm, the MCX gold rate rose from approximately ₹94,611 per 10 grams on April 30, 2025, to ₹1,54,609 per 10 grams by April 18, 2026.4 percent.
₹2 Lakh Target and Expert Predictions
NS Ramaswamy, Head of CRM and Commodities at Ventura Securities, indicated that the MCX gold rate is likely to reach approximately ₹2,00,000 per 10 grams by the next Akshaya Tritiya. He expects MCX gold prices to rise by 15 percent to around ₹1,75,000 by the end of December 2026.5 lakh in early 2026.8 lakh per 10 grams.
Market Dynamics: Value vs Volume
The market is currently witnessing a paradox of 'Value vs Volume'. NS Ramaswamy noted that in 2025, gold prices saw a year-on-year increase of 46 percent—the largest annual increase in nearly 47 years—while tonnage volumes fell by 31 percent in the third quarter. Despite this drop in volume, revenue increased by 23% in rupee terms due to higher prices. Mohit Gulati, CIO and Managing Partner of ITI Growth Opportunities Fund, stated that gold is a solid position given the fiscal deficit and dollar concerns, predicting it could reach ₹2,00,000 by the next Akshaya Tritiya.