Gold drops to five-year low of Rs 24,572

Gold drops to five-year low of Rs 24,572.

Watch: Know the Puja Muhurat to buy gold on Akshaya Tritiya

Akshaya Tritiya, the holy festival is celebrated among Hindus and Jains. Akshaya Tritiya is considered to be an auspicious day to inaugurate new ventures. This year the auspicious day is on April 21. It is also known as Akha Teej, celebrated on the third day of the Hindu month of Vaisakha.

Buy gold with caution on Akshaya Tritiya

Akshya Tritiya is considered an auspicious day for buying gold, silver and other metals. Sales are expected to rise as there is a "positive" buying sentiment this year with gold prices ruling stable at around 26,000 per 10 grams.