New Delhi, April 24 -- Indians spent an estimated Rs.20,000 crore on gold during this year's Akshaya Tritiya, generating record headlines, according to Archit Gupta, Founder and CEO of ClearTax. However, he said that the underlying trends pointed to a divergence between value and volume.

Highlighting that gold prices have risen 63% over the past year, Gupta said physical volumes have weakened, with average jewellers selling just 25-50 grams during the entire festival period.

In 2025, gold delivered spectacular returns of more than 70%, outperforming other asset classes such as equities, fixed income, and real estate, Mint reported earlier. Although gold prices corrected somewhat at the end of January and early February, the latest US-Ir...