Gold Price Outlook, April 28 -- A sharp 30% rally in gold prices since last Akshaya Tritiya to levels above Rs.1 lakh has sparked a wave of FOMO (fear of missing out) among investors in other asset classes.

Gold prices, which were trading at Rs.73,240 per 10 grams on last Akshaya Tritiya, are now in the range of Rs.94,000-95,000 per 10 grams, after briefly touching the coveted Rs.1 lakh mark. Gold has been on a bull run since mid-2024, as increased uncertainty around policies and an uncertain economic situation ahead for the major economies has spurred gold buying.

According to data from Ventura Securities, gold has delivered consistently positive returns over the past eight years, with prices increasing during every Akshaya Tritiya per...