Gold rates on April 30: Check the latest rates in your city today on Akshaya Tritiya

Gold prices are in focus today as investors buy the yellow metal on the occasion of Akshaya Tritiya. Gold's June contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 95,353 per 10 gram on April 30.

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:

Also read: Should you go big on gold or stick to a token purchase this Akshaya Tritiya?

Capitalmind in its latest study noted that gold has given better returns in India than in terms of US Dollar. "Gold's history reveals its dual nature: an enduring store of value and a volatile investment prone to long drawdowns. Inspite of its volatility in USD, Gold has been a relatively safer asset for Indian investors on account of the Rupee’s depreciation versus the USD. While it won’t generate cash flows or compound like equities over decades, its low correlation with other assets makes it invaluable for diversification. The best way to include gold in your portfolio is through systematic rebalancing—not as a reactionary move driven by FOMO but as part of a long-term strategy designed to weather market cycles," said Anoop Vijaykumar, Head of Research, Capitalmind Financial.