Bengaluru: Celebrated during the holy month of Vaisakha, Akshaya Tritiya continues to draw spirited participation across Karnataka’s capital as residents flock to purchase gold, silver, and real estate—undaunted by steep prices or economic uncertainties.
The festival, whose name “Akshaya” translates to “eternal” or “unfading,” is believed to bring lasting prosperity, making it one of the most favoured days for investing in wealth-generating assets. This year, retailers in Bengaluru witnessed long queues and brisk sales, even as gold prices soared to record levels.
On April 29, 22-carat gold was priced at ₹8,980 per gram (₹89,800 per 10g), marking a ₹400 rise from the previous day. Similarly, 24-carat gold touched ₹9,797 per gram (₹97,970 per 10g), spiking ₹440 overnight. Silver remained relatively stable at ₹1,00,500 per kg.
Analysts attribute the price surge to global economic instability, fluctuating currency values, high import duties, and traditional seasonal buying patterns. Notably, gold prices have risen sharply from ₹7,940 per gram in early March—fueled by both international trends and festive optimism.
Real estate too saw festive momentum. Mid-income housing projects experienced a boost in inquiries and bookings, as developers rolled out special limited-period offers to tap into the day’s auspiciousness.
For many in Bengaluru, purchases on Akshaya Tritiya represent more than economic sense—they reflect cultural belief, renewed hope, and aspirations for enduring fortune.
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