Should you consider buying gold in Akshaya Tritiya 2025 (April 30) in May 2025, or is it wiser to wait for potential prices to correct? Whether it is Akshaya Tritiya, Diwali or Dhanteras, precious yellow metals, physical forms or through digital gold/ETFs, it still exists within the scope of investors and buyers.
Recently, on the multi-commodity exchange (MCX), gold prices hit a record high of Rs 99,358 per 10 grams, down from a 22.42% increase of Rs 77,078.
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“Price are rising due to geopolitical factors, reciprocity tariffs and value-added. These developments indicate a ease in tensions between the United States and China amid unstable trade policies by U.S. President Donald Trump.”
Despite the recent highs, gold June futures peaked by 6.81% in the week to as high as $3,509.9 per ounce (Rs 99,358 per 10 grams), while silver spot prices fell 1.77% to $32.90 per ounce, both metals earned a third consecutive gain.
Gold to silver ratio
Shigrekar said the current gold-to-silver ratio is 1:85, but it may surpass the previous 115 highs in the coming months. If these levels are maintained, the trend may continue until its 2020 peak with a key resistance of 130.
The increased ratio suggests that gold may become more expensive relative to silver, which may make silver a better performance in the short term. Both metals are expected to test new all-time highs soon.
What does this mean?
The gold-to-silver ratio shows how many ounces of silver is needed to buy an ounce of gold, which is calculated by dividing the current gold price by the current silver price.
For example, If the gold-to-sand ratio is 1:85, it means that one ounce of gold is equal to 85 ounces of silver in value. So, according to analysts, the ratio could rise further, possibly exceeding its previous high.
Investors, any opportunity for traders; whether they should follow the “buy dip” strategy
Commodity analysts are still bullish on gold in both short-term and long-term ways.
Analysts at MOFSL recommend accumulating gold to support levels of Rs 90,000 to Rs 91,000 with a long-term target of Rs 1,06,000.
“Gold grew 18% in 2025. Although it entered a new fiscal year, it sold off after reaching a record high,” MOFSL analysts said.
Do demand and supply drive prices?
Manav Modi of MOFSL explained that supply and demand dynamics often have limited impact on gold prices, especially during periods of broader economic uncertainty.
“Gold has gathered in recent months, so some price cooling cannot be ruled out. Various factors – war on health, inflation expectations, slower growth and geopolitical tensions – are currently pushing gold prices. Any solution in these regions is likely to put downward pressure on the gold bars.”
Angel One analysts recommend short-term purchases range between Rs 91,900 and Rs 92,200, with a target of Rs 97,000 and Rs 1,00,200, with a stop loss of Rs 89,400.
From a technical point of view, MOFSL analysts provide traders with a shared level of support and resistance:
support: 90,000 rupees 91,000 rupees
Resist: Rs 99,000
Domestic demand surges to eight years
By the end of 2024, domestic gold consumption increased from 340 tons in 1992, and demand rebounded for more than 800 tons.
Historical performance during Akshaya Tritiya
Over the past 15 years, gold has experienced a compound annual growth rate (CAGR) of 10%. This highlights the potential of gold as an asset with wealth during turbulent times.
