National News

Is it wise to buy gold this Akshaya Tritiya? :AUGMONT KNOWLEDGE SERIES

Published

1 year ago

April 30, 2025

Akshaya Tritiya, celebrated as an auspicious day to invest in gold, often sees a surge in gold purchases across India. But in 2025, with gold prices touching all-time highs, the big question for investors and buyers alike is: Is it wise to buy gold this Akshaya Tritiya?

Over the last 20 years, gold has delivered approx.15% CAGR, which is quite robust, especially in comparison with many fixed-income instruments and even some equity segments during market volatility. Gold has also acted as a hedge against inflation, currency depreciation, and geopolitical uncertainties.

Why Gold Has Performed Well

Several factors have supported gold prices in recent years:

Geopolitical tensions: Russia-Ukraine war, Israel-Palestine unrest, and US-China trade concerns.
Inflation worries: Gold is a traditional inflation hedge.
Global economic uncertainty: Fears of a recession and a weak global economic outlook.
Central bank buying: Many countries, including India and China, have increased gold reserves.
Currency depreciation: The weakening of the Indian Rupee against the US Dollar added to local gold price inflation.

Why You Should Consider Buying

Tradition with benefits: Buying gold on Akshaya Tritiya is culturally symbolic and has proven profitable historically.
Diversification: Gold acts as a portfolio stabilizer, especially during market downturns.
Returns remain promising: With global uncertainties continuing and rate cuts expected in the US, gold may remain supported in the near term.
Demand for digital and investment-grade gold is rising: More buyers are shifting toward efficient, value-oriented gold investments.

Caution Due to High Prices

Gold prices are near historical highs (₹96,000 per 10 grams), so bulk buying may not be advisable.
A correction could occur if:
- US-China tensions ease.
- Interest rates rise unexpectedly.
- Investors shift their focus back to risk assets like equities.

Smart Buying Strategy for 2025

Buy with a measured and strategic approach:

Avoid large lump sum purchases: Instead, opt for staggered buying or SIPs in gold digital gold or ETFs.
Use Akshaya Tritiya as an entry point: Start small with Augmont Digital Gold or gold mutual funds.
Buy coins or smaller jewellery pieces: Avoid heavy making charges; focus on purity and resale value.
Think long term: If you’re buying gold as an asset, not just a purchase, stay invested for 3–5 years.

Final Word

Akshaya Tritiya 2025 presents an opportunity to align tradition with smart investing. While prices are high, gold’s long-term track record, safe-haven status, and cultural relevance make it a viable addition to your portfolio. Just remember to balance emotional purchases with financial prudence—and consider buying in forms that add both value and flexibility.

In short: Yes, buy gold—but buy smart.

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National News

P N Gadgil Jewellers Delivers Record Q1 FY27 Revenue Of 24,130 Mn; With 41% Revenue Growth, 57% EBITDA Growth & 52% PAT Growth; YoY

Published

6 hours ago

July 28, 2026

JewelBuzz Spread The Buzz

P N Gadgil Jewellers Limited, one of the most reputed jewellers in the country, boasting 194 years of excellence in craftsmanship and trusted service in the retail business of gold, silver, and diamond jewellery, announced its unaudited financial results for the quarter ended 30^th June 2026.

Key Financial & Operational Highlights:

Retail Contribution: Retail sales continued to strengthen, with the retail share of total revenue increasing to 78% in Q1 FY27 from 70% in Q1 FY26, reflecting the Company’s continued focus on expanding its high-margin retail business.
Strong Same-Store Performance: The Company delivered a robust Same-Store Sales Growth (SSSG) of 46.1% YoY, driven by healthy customer footfalls and higher transaction volumes.
Improving Product Mix: The retail stud ratio improved to 10.9% from 9.9% in the previous quarter. Notably, the recently launched stores across Northern and Central India are delivering a significantly higher stud ratio in the range of 15% to 18%, validating the Company’s expansion strategy into markets with structurally higher demand for studded jewellery. Additionally, LiteStyle by PNG recorded an impressive stud ratio of 32.9%, highlighting strong customer acceptance of the newly launched lightweight jewellery brand.
Healthy Gold Retail Mix: Retail sales of Gold vedhani, bars and coins (GBC) accounted for 21.7% of total retail revenue during the quarter, while the average gold purchase per invoice is 4.84 grams. The Company’s (GBC) strategy continues to strengthen customer acquisition and retention, with the conversion to jewellery ratio improving to 53% in Q1 FY27 from 46% in FY26, and reinforcing the long-term value of this customer lifecycle strategy.
Retail Product-wise Performance: During the quarter, the diamond category continued to witness exceptional momentum, delivering 29% growth in value and 26% growth in volume, underscoring increasing customer preference for studded jewellery and supporting the Company’s premiumization strategy. The gold category recorded a robust 54% growth in value, while volumes remained broadly stable with only a 1% YoY moderation, reflecting healthy demand despite elevated gold prices. The silver category registered 131% growth in value, even as volumes softened slightly by 7% YoY.
Outstanding Festive Performance: The Company delivered a strong Akshay Tritiya performance, with festive sales increasing 80.3% YoY to Rs 2,514.1 Mn, driven by robust consumer demand, effective festive campaigns and continued market share gains during the festive season.
Higher Customer Engagement: Healthy customer acquisition continued across markets, with footfalls increasing 25.9% YoY to 214,587, while maintaining a robust conversion rate of 91.8%, reflecting strong brand recall, healthy demand and the Company’s ability to consistently convert store visits into purchases.
Growth in Transactions & Spending: Transaction volumes increased 26.3% YoY, while the Average Transaction Value (ATV) is Rs 92,264, indicating healthy customer engagement and higher spending per visit.

Strengthened Hedging Framework: The Company further enhanced its risk management practices by increasing its overall hedge coverage to approximately 70%, significantly reducing exposure to gold price volatility. The Company intends to increase hedge coverage to 80%+ in the near term, with a long-term objective of achieving near-full inventory hedge coverage (~100%), thereby enhancing earnings stability and reducing commodity price risk.
Underlying Operating Performance: The remaining unhedged inventory resulted in a unhedged gain of Rs 97 Mn during Q1 FY27, compared to Rs 101 Mn in Q1 FY26. Excluding this unhedged gain, Adjusted EBITDA increased to Rs 1,827 Mn from Rs 1,128 Mn, with the Adjusted EBITDA Margin improving to 7.6% from 6.6% in the corresponding quarter last year.
Adjusted Profitability: Excluding the net impact of the unhedged gain, Adjusted PAT stood at Rs 981 Mn in Q1 FY27, compared to Rs 618 Mn in Q1 FY26, translating into an Adjusted PAT Margin of 4.1%, as against 3.6% in the corresponding quarter last year.
Expansion Pipeline on Track: During the quarter, the Company remained focused on enhancing the productivity of its existing network while progressing site identification, franchise partner onboarding and operational readiness for its upcoming expansion, with a significant focus on Northern and Central region, in line with its growth strategy.

As of 30th June 2026, the Company operated 78 stores (77 in India and 1 in the U.S.A.). A few store launches are planned during Q2 FY27, with the majority of the year’s expansion scheduled across Q3 and Q4 FY27, in line with the Company’s phased rollout.