The price of gold has risen by approximately 20% in the past six months, leading to a belief among many Indians that buying gold on the auspicious day of Akshaya Tritiya will bring in luck and prosperity. Analysts assert that gold's role as a safe haven investment and a form of portfolio insurance has been reaffirmed by its performance during the current chaotic environment, and suggest that investors would be wise to increase their allocation. Reasons that gold is expected to continue performing well include uncertainty caused by the Ukraine-Russia tension, rising inflation, a possible global recession, and central banks' demand for physical metal, especially as the Federal Reserve tightens its monetary policy.