Gold Demand Surges Amid Budget Constraints This Akshaya Tritiya
Amid tight budgets, gold shines this Akshaya Tritiya on demand boost
Business Standard
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This year's Akshaya Tritiya, celebrated on April 21-22, 2026, has seen a notable increase in gold and jewellery demand despite high prices. Consumers are gravitating towards lower grammage and investment-focused purchases, reflecting a shift in buying behavior amidst tight budgets.
- 01Gold demand increased by 20% compared to last year, driven by festive sentiment and the upcoming wedding season.
- 02Consumers are opting for lower grammage purchases due to high gold prices.
- 03Online platforms are seeing a rise in demand, with many customers choosing home delivery options.
- 04Quick commerce features, like gold rate protection, are helping consumers manage price volatility.
- 05Retailers report strong sales momentum, particularly in bridal and investment jewellery.
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As Akshaya Tritiya approaches on April 21-22, 2026, gold and jewellery demand has risen significantly, with a 20% increase compared to last year. Despite high prices, consumers are adjusting their purchasing habits, opting for lower grammage and investment-led purchases. In New Delhi's Dariba Kalan market, excitement remains high, with strong sales of gold coins and jewellery items. Retailers like Gaurav Gupta have noted a robust demand, particularly as the wedding season approaches. In Mumbai's Zaveri Bazaar, pre-bookings for wedding jewellery have surged, with many customers exchanging old gold for new pieces. Online platforms are also experiencing increased activity, with Amazon India reporting that gold jewellery sales have doubled year-on-year. New features like gold rate protection from quick commerce services are providing consumers with more confidence in their purchases. Overall, the festive sentiment surrounding Akshaya Tritiya is driving a buoyant market despite ongoing budget constraints.
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The increase in gold demand reflects consumer confidence and spending behavior during festive seasons, potentially benefiting local jewellers and related businesses.
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