Whether guided by cultural traditions or astrological considerations, individuals find meaning and significance in aligning their gold purchases with specific moments in time. Gold, a symbol of wealth and prosperity, occupies a revered position in Hindu culture, transcending its financial value to assume profound symbolic and cultural significance. For Hindus, the act of purchasing gold is a ritual imbued with auspicious timings and days, believed to enhance fortune and positivity. As per a mythological tale, during the Samudra Manthan (churning of the ocean by gods and demons), gold emerged as one of the treasures and was adorned by Lord Vishnu. This belief has led to the tradition of purchasing gold on auspicious days like Akshaya Tritiya and Dhanteras. It is said that bringing gold or gold ornaments home on this day brings Goddess Lakshmi’s presence and blessings along with it.
The importance of muhurat in gold purchases
Yes, buying gold on dips during global market corrections or after U.S. Yes, Dhanteras is highly regarded for gold shopping as it marks the beginning of wealth and prosperity during Diwali. India has committed to the Financial Action Task Force (FATF) by requiring cash transactions for gold purchases exceeding Rs. 10 lakh to undergo Know Your Customer (KYC) procedures.
Why auspicious days are crucial for gold purchases?
On such days, it is common to see people move into a new home, get married, make an important purchase, or sign documents. It is believed that whatever one does or buys on these auspicious days multiplies. Purchasing gold during the ‘shubh muhurat’ enhances the day’s auspiciousness and brings prosperity to the family.
- In addition, it is also popular for purchasing gold, as it symbolizes prosperity and victory over evil.
- India is a country known for its religious devotion and festivities.
- On this day, it is believed that buying gold brings luck and prosperity.
- Any recommendation or reference of schemes of ABSLMF if any made or referred on the Website, the same is based on the standard evaluation and selection process, which would apply uniformly for all mutual fund schemes.
- You will have to check the gold prices to see whether buying gold would be the right decision.
Secondly, you must analyse your own goals, priorities, and abilities to make a purchase. As these days are based on the Hindu calendar, the exact dates can vary from year to year. Her 16-year business and finance journalism stint has led her to report, write, edit and lead teams covering public investing, private investing and personal investing both in India and overseas. She has previously worked at CNBC-TV18, Thomson Reuters, The Economic Times and Entrepreneur. Yes, KYC (Know Your Customer) is required when purchasing gold in India for transactions exceeding ₹2 lakh. Customers must provide a Permanent Account Number (PAN) or Aadhaar ID for such purchases.
The list we’ve provided is not exhaustive, and any investment ought to be made after proper research and regard to your own financial objectives. Pushya Nakshatra is one of the 27 nakshatras or lunar mansions in Hindu astrology. It is considered one of the most auspicious nakshatras for any new venture, including buying gold. According to Vedic astrology, Pushya is ruled by Saturn and is symbolized by the udder of a cow, denoting nourishment, and sustenance. Buying gold on this day is believed to bring wealth, prosperity, and protection against evil. In India, the calendar is full of festivals and special auspicious day to buy gold occasions almost every month.
Time To Buy? With Gold At All-Time Highs, Here’s How To Play It
Gold sales surge during these days as people celebrate the new year and buying gold signifies new beginnings and prosperity. The act is rooted in the belief that gold, a symbol of affluence, attracts blessings and financial prosperity. This tradition blends religious and economic aspects, creating a cultural practice where people invest in gold to invite good fortune into their lives. By aligning with the Balipratipada festivities, individuals express their hopes for abundance and prosperity, reinforcing the connection between cultural beliefs and financial decisions in a harmonious way. Balipratipada, a significant Hindu festival, influences the tradition of buying gold due to its cultural and religious importance. On this day, King Bali is believed to have returned to Earth, symbolizing prosperity and generosity.
Akshaya Tritiya falls in the month of Vaisakha and is also known as Akha Teej. According to Hindu mythology, purchasing gold on Akshaya Tritiya is considered auspicious. However, over the years, gold has become not just a symbol of wealth but also an attractive investment option. The gold market has been on a steady rise for decades, owing to international political disturbances and economic fluctuations.
It holds deep emotional and cultural significance, making it an integral part of Indian society and traditions. Furthermore, gold is often passed down through generations as heirlooms, adding to its sentimental value. The tradition of gifting gold to newborns or on special occasions is also prevalent in Indian culture. Additionally, gold holds a prominent place in religious ceremonies and rituals, with temples and deities adorned with gold ornaments. To determine whether to purchase gold, you must consider your objectives, financial constraints, and current gold market prices.
You can even consult an astrologer if you wish to buy gold in a particular week. Pushya Nakshatra, also known as Pushyami, Pushya, Poosam, and Pooyam in India, is the most auspicious nakshatra. It is the best time for conducting financial transactions, such as buying gold, land, or other business equipment. Certain times throughout these auspicious days known as ‘Muhurats’ attract higher sales, as they are auspicious according to Hindus. If the Pushya Nakshatra falls on a Thursday, it is known as Guru Pushya Amrit Yoga and considered more auspicious.
Finding the Right Gold Buying Muhurat in 2024
Pushya Nakshatra, or Pushyami, is one of the most auspicious occasions for buying gold. Each month, it falls on the 8th day after the new moon or full moon. The auspicious days to buy gold in 2025 are listed below; read on to know more. Lee Baker, a CFP based in Atlanta, says more clients are worried that tariffs will hinder economic growth and have recently been asking about alternative investments in gold.
- Readers are advised to exercise discretion and should seek independent professional advice prior to making any investment decision in relation to any financial product.
- Unlike stocks or bonds, physical gold doesn’t rely on any issuer’s promise or performance.
- It is considered an ideal time for purchasing gold, a symbol of financial stability.
- Hence, users are advised to independently exercise diligence by verifying complete information, including by consulting experts, if any.
- Akshaya Tritiya, also known as Akha Teej, is considered one of the most auspicious days in Hindu culture, believed to bring eternal prosperity.
No representation or warranty is made as to the accuracy, content, suitability or completeness of the information, analysis or conclusions provided. As with many other assets, the risk of loss in trading or holding gold or digital assets can be substantial and should be considered carefully in light of personal financial conditions. “Dhan” means wealth, and on this day, Hindus worship Goddess Lakshmi, who is the goddess of wealth, and Lord Kubera, the god of treasure. It is considered highly auspicious to purchase gold or silver articles or new utensils as a sign of good luck. Diwali, the festival of lights, follows Dhanteras, symbolizing the victory of light over darkness and knowledge over ignorance. Based on your budget and aspirations, you must check if an investment in gold will help you achieve your goals.
Many people also believe purchasing gold on Pushyami can help alleviate any negative effects or obstacles in their horoscope, making it a popular choice among those who follow astrology. The festival is not just about material gains but also spiritual and emotional richness. Families clean and decorate their homes to welcome positive energy and prosperity for the year ahead. Overall, Dhanteras serves as a reminder to honour wealth and health while fostering gratitude for life’s blessings. Yes, Ekadashi is the best day to buy Gold or purchase precious stones. Purchasing Gold on Vaishnav Param Ekadashi and Nirjala Ekadashi is considered very auspicious and fruitful.
Pushya Nakshatra also known as Pushyami, Pooyam and Poosam, holds a significant place in Hindu culture. It is one of the favorable days for making investments because it falls on the eighth day after the new moon or the full moon. While buying gold, you must check its purity, cross-check the price of yellow metal, if possible, negotiate making charges, etc. This festival, known as the Festival of Lights, is observed on the 15th day of the Hindu month of Kartik.
The act of purchasing these items signifies the accumulation of wealth and invites the blessings of Goddess Lakshmi into their homes. The cultural significance of buying gold during Navratri extends beyond material wealth. It is a spiritual endeavor, aligning with the devotee’s desire for blessings, protection, and the divine grace of the goddess.
