News about Akshaya Tritiya

According to a Motilal Oswal Financial Services report, gold prices have risen nearly 10% so far in 2026, though prices swung sharply through the first quarter. Geopolitical tensions, slowing growth and uncertainty over US interest rates support gold's safe-haven appeal, while a stronger dollar and elevated bond yields have caused intermittent pressure. In India, high prices have subdued price-sensitive jewellery demand and pushed domestic prices to a discount, while China has seen stronger investment-led buying and Indian investors are gradually shifting toward ETFs. Citing World Gold Council data, central banks bought around 860-870 tonnes in 2025, a slower pace than in previous years, and global ETF demand has recovered. The report expects gold to trade within a broad range in the near term, with a constructive medium- to long-term outlook and a 'buy on dips' stance for investors with medium- to long-term horizons.