Best Auspicious Days For Buying Gold

Gold

The most precious asset has always been the top pick of everyone be it as an ornament, investment, or as a part of the religious tradition and rituals. You always find people choosing the best auspicious day to purchase gold for festivals, anniversaries, or marriage ceremonies.

Buying gold on auspicious day or “Bada din” augments good fortune and bestows abundance and riches at home. According to Hindu traditions and scriptures beginning a new venture, buying property, purchasing gold or home on the auspicious days is fruitful. An accepted notion is that buying gold on lucky or auspicious days such as Pushya Nakshatra or Akshaya Tritiya brings tonnes of good luck and affluence. 

In Hindu calendar or Panchang, some days are regarded as very fortunate for buying gold jewellery, gold coins or gold bricks.

Let us peek at some of the most auspicious days to purchase gold to make luck shine and ride the wheel of fortune. 

Diwali and Dhanteras

Diwali – the festival of lights is the fortunate time to buy gold and is a time old tradition. The purpose behind this celebration is to invite Goddess Lakshmi in our dwellings to receive her blessings on prosperity and favourable outcomes. The day preceding Diwali is devoted towards celebrating Dhanteras. On Dhanteras, people generally buy home products, silver or gold as this day is said to be extremely lucky. There is a surging demand for gold during Dhanteras and Diwali. The observance of Dhanteras is representative of the devotion towards Goddess Lakshmi, the giver of wealth and riches. 

It is imbibed in tradition that purchasing gold during the occasion of Dhanteras brings golden fortune for home and business because it relates to the goddess of wealth Lakshmi who bestows wealth through various sources, such as gold – the precious yellow metal among other things. 

This celebration of Diwali spanning five days marks the waxing phase of the Jupiter moon and symbolizes the onset of a new fiscal year across India. 

Recommended: Historical Significance of Gold and Silver Ornaments on Dhanteras

Pushya Nakshatra – The Lucky Nakshatra

This nakshatra is also well-known as Pooyam, Pushyami, Pushya, or Poosan. The Indian tradition holds that specific time phases during Pushyami are said to be favourable for enacting any kind of financial dealings. It can involve purchasing land, gold, or any type of business capital. The Hindu calendar identifies Pushya Nakshatra as the best day for gold buying. The festival is observed on various dates all over the year and if you are a religious person and believe that specific days bring more good fortune compared to others, then Pushya Nakshatra is the special day for you. 

Gudi Padwa or Ugadi

These festivals symbolise the start of the new year as per the Hindu calendar. Celebrations differ based on the state and the different community of people. Gudi Padwa marks the festivity of new year in the state of Maharashtra and Konkan while Ugadi signifies the new year in Karnataka. Telangana, and Andhra Pradesh. Other popular harvest festival are Baisakhi of Punjab and Onam in Kerala. The timings of these festivals witness a rise in gold prices in India and sales as it characterizes the harvest celebrations together with the arrival of the new year which marks prosperity and new ventures. 

Navratri

Major festival dedicated to Goddess Durga for nine days and nights, Navratri is celebrated with gaiety across India. People buy gold during this time as it reflects good fortune. All the 9 days of Navratri are lucky to purchase gold. However, certain people prefer Dussehra to spend money on gold. 

Dussehra 

The culminating day of Navaratri is recognized as Dussehra and is among the most celebrated Indian festival. On this occasion investment on gold surges across India as this day has a distinct importance in the Hindu tradition wherein Goddess Durga vanquished the demon mahishasura ensuring the triumph of good. The demand for gold purchase peaks on this day with jewellers launching latest festive styles and designs and some also lay out rebate policy on gold buying.

Makar Sankranti – The Harvest Festival

Makar Sankranti is the first celebration that arrives at the start of every year. This harvest festival signifies the arrival of the harvest season which is an opportune moment to buy gold. This occasion also marks the concept of abundance and harmony. Sankranti signifies the motion of the sun into Capricorn which is called Makara. Some States use different terms for this festival and is observed by buying new clothing and specially with the buying of jewellery. 

Purchasing gold on this auspicious day produce prosperity and blissfulness for the rest of the year and rebates are offered at retail outlets on jewellery that draw several buyers.  These discounts begin ahead of the lucky day and continue for some time even after the passage of Makar Sanskriti whereby a seasonal spike in the gold and jewellery purchase is witnessed. 

Akshaya Tritiya

Akshaya Tritiya marks the birth of the Hindu deity Parashurama said to be the rebirth of Lord Vishnu. This day is regarded as a fortunate and propitious day due to the moon and the sun being at their brightest. In Sanskrit, Akshaya denotes something that cannot be subdued or diminished. Tritiya is associated with the third lunar day, which makes it a lucky day to purchase gold, property, land, car, launch a business, or make different investments. Certain people also hold that buying gold on Akshaya Tritiya augments one’s wealth and income prospects. 

In Hindu tradition, it is believed that Lord Kubera, the deity of wealth and Goddess Lakshmi – the divinity bestowing prosperity, are pleased when gold is bought on this day, and good returns are expected on the investment. Moreover, it is also regarded in Hindu mythology that Treta Yuga began on the Akshaya Tritiya Day. People generally buy silver or gold on this day as it signifies wealth and as also believed that gold investment on this day assures eternal fortune along with endless wealth.  

Gifting Gold During Karva Chauth

Observed primarily in Northern India, Karva Chauth is a festival that symbolizes the attachment and dedication between the life partners. To receive the bounty of their deep love and mutual trust womenfolk maintain a fast as they worship the moon for the security and long life of their husband. This festival falls on the fourth day of the moon and holds high importance in Indian heritage. This occasion occupies a particular spot as it is the best time to gift gold jewellery to your partner as you can choose from a vast assortment of necklace, gold anklet, earrings, bangles, or ring.

Summing Up

Gold holds a special place in the cultural and religious traditions of India and wedding ceremonies for being auspicious and a symbol of prosperity. This fondness for the yellow metal enters our household through auspicious occasions and ceremonies. And why not? With jewellery contributing for 80% of total production in gold it is not difficult to understand the popularity and craze for gold amongst Indians. This treasured metal is a must buy during the festive occasion of Gudi Parva, Dhanteras, Makar Sankranti and Akshaya Tritiya as these days bring good fortune and prosperity. 

Recommended: Historical Significance of Gold and Silver Ornaments on Dhanteras