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It is still all about that bling: Why you should invest in gold this Akshaya Tritiya

Gold has been shining in India this year. The jewellery demand for the first quarter of 2019 was 125.4 tonnes - a 5% rise over the 119.2 tonnes purchased in the same period in 2018. And now we have Akshaya Tritiya, one of the biggest drivers of gold demand in the year.
Gold has been shining in India this year. The jewellery demand for the first quarter of 2019 was 125.4 tonnes - a 5% rise over the 119.2 tonnes purchased in the same period in 2018. And now we have Akshaya Tritiya, one of the biggest drivers of gold deman
Gold has been shining in India this year. The jewellery demand for the first quarter of 2019 was 125.4 tonnes - a 5% rise over the 119.2 tonnes purchased in the same period in 2018. And now we have Akshaya Tritiya, one of the biggest drivers of gold deman
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On the auspicious day when many Indians insist on purchasing jewellery, gold rates are marginally up standing at Rs 3022 per gram (May 7 morning) for 22 carat jewellery in Chennai. (Photo | M K Ashok Kumar, EPS)
On the auspicious day when many Indians insist on purchasing jewellery, gold rates are marginally up standing at Rs 3022 per gram (May 7 morning) for 22 carat jewellery in Chennai. (Photo | M K Ashok Kumar, EPS)
A popular pan-India jeweller, meanwhile, is quoting these rates for other cities - Rs 3085 per gram in Delhi, Rs 3090 per gram for the same in Maharashtra and Rs 3112 in West Bengal, Karnataka, and more specifically Bengaluru, where the rates are the lowest at Rs 2960 per gram. (Photo | M K Ashok Kumar, EPS)
A popular pan-India jeweller, meanwhile, is quoting these rates for other cities - Rs 3085 per gram in Delhi, Rs 3090 per gram for the same in Maharashtra and Rs 3112 in West Bengal, Karnataka, and more specifically Bengaluru, where the rates are the lowest at Rs 2960 per gram. (Photo | M K Ashok Kumar, EPS)
Many jewellers say that falling prices of platinum, which is becoming increasingly popular among the younger crowd, might see it offer strong competition to gold this Akshaya Tritiya. (Photo | PTI)
Many jewellers say that falling prices of platinum, which is becoming increasingly popular among the younger crowd, might see it offer strong competition to gold this Akshaya Tritiya. (Photo | PTI)
But is buying gold on Akshaya Tritiya going to yield good returns? Not if returns from the recent years are anything to go by. If you had invested in gold three years ago, the return will be in the range of 3%, Compounded Annual Growth Rate (CAGR), and experts say. (Photo | K K Sundar, EPS)
But is buying gold on Akshaya Tritiya going to yield good returns? Not if returns from the recent years are anything to go by. If you had invested in gold three years ago, the return will be in the range of 3%, Compounded Annual Growth Rate (CAGR), and experts say. (Photo | K K Sundar, EPS)
If you had invested in gold five years it ago, it was an even bleaker 1%. So, invest in gold only if you are going to wear it is the advice. (Photo | Satish Babu, EPS)
If you had invested in gold five years it ago, it was an even bleaker 1%. So, invest in gold only if you are going to wear it is the advice. (Photo | Satish Babu, EPS)
gold
Gold prices
Gold demand
Akshaya Tritiya
Gold demand India

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