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Gold Price | Akshaya Tritiya: Why you shouldn’t buy gold this Akshaya Tritiya

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NEW DELHI: Buying gold on Akshaya Tritiya is widely considered to be auspicious. Many view the event as a good opportunity to invest their money. However, in terms of buying gold as an investment, the scenario has undergone a change with the annualised returns going down by more than half in the past 20 years. Over the last three years, gold has fetched a lower return of 4.68 per cent from 10.05 per cent earlier.

With the rising gold prices, the yellow metal is no longer considered a hedge against inflation along with the uptick in crude oil prices and global trade war pushing it further.

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Updated: April 16, 2018 — 7:20 am

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