The festival is widely seen as auspicious to buy gold.
Many view this day as a good opportunity to invest their money.
To give the credit where it’s due, gold as an asset class has shone brightest.
It has outclassed equities and debt this year and made a remarkable comeback after years of a dismal show.
Market watchers believe that investing in gold this Akshaya Tritiya may not just fetch good returns, but help investors hedge their portfolios better, given the current level of uncertainties.
According to the All India Gems and Jewellery Trade Federation, demand for the yellow metal on Akshaya Tritiya is expected to grow 10-15 per cent year-on-year because of pent-up demand.
We have with us Kunal Shah, Head of Commodity Research at Nirmal Bang, to share his view on the outlook of gold and the best ways to accumulate the metal.
Byte of Kunal Shah