Gold rates on April 29: Check the latest rates in your city today ahead of Akshaya Tritiya

Gold

While global gold prices declined, domestic rates saw an increase on April 29 as investors eye the yellow metal ahead of Akshaya Tritiya. Gold's June contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 95,800 per 10 gram on April 29.

Gold purchases made on Akshaya Tritiya are regarded as auspicious, believed to bring luck and success in material matters. This is why it ranks as the largest gold buying day in India, along with Dhanteras.

Let's check the latest prices of 10 grams of 22 carat and 24 carat gold in major cities of the country:

(as per data on Good Returns)

"The first four months of 2025 have marked one of the strongest starts for gold investors in over a decade, with prices rising nearly 25% so far. Many investors choose to buy gold on Akshaya Tritiya, which is considered an auspicious day for purchasing gold as a symbol of wealth and security. Those who invested in gold during the last Akshaya Tritiya have enjoyed a substantial return of more than 31%," said Deveya Gaglani, Senior Research Analyst of Commodities at Axis Securities.

He further said, "As gold prices have surged and are approaching overbought levels, we recommend that investors consider buying gold in a staggered manner if prices correct by 5-10%. Currently, the risk-reward ratio is unfavorable at these record levels. In a bullish scenario, if prices hold above 100,000, they could reach 110,000 by the next Akshaya Tritiya. Conversely, we expect prices to consolidate around the 87,000 level on the downside."

Also read: Check Auspicious Shubh Muhurat for Buying Gold on Akshaya Tritiya 2025

Motilal Oswal Financial Services advised investors to buy gold on dips, with a target of Rs 1,06,000 in the long term.