Akshaya Tritiya 2026, April 19 -- In Hindu and Jain religions, Akshaya Tritiya, or Akha Teej, is an auspicious day of new beginnings. Investors across the country buy gold and even other asset classes with hopes that their investment will bring prosperity and create a positive effect in their lives.

This Akshaya Tritiya appears to be a suitable opportunity for investors to buy gold for the long term, as prices on MCX are down more than 20% from their record high, largely due to crude oil price volatility, the dollar's rise, and fading expectations of rate cuts by the US Federal Reserve in the near future.

Despite the recent fall in gold prices, the fundamental uptrend remains intact. Though there were ETF outflows in March, central bank...