Akshaya Tritiya, also known as Akha Teej, holds significant cultural and astrological importance in Hindu tradition. Purchasing gold on the day of Akshaya Tritiya is considered an auspicious custom. The term "Akshaya" itself means eternal or endless, symbolizing the belief that any investment made on this day will continue to grow. This year, in 2024, Akshay Tritiya is marked on 10th May, Friday. The best time to purchase gold on this day is between 4:17 AM on the 10th to 2:50 AM on the 11th of May.
Also Read - Akshaya Tritiya: Investment Options As Per Your Zodiac
Why do people buy gold on Akshaya Tritiya?
Sidhharrth S Kumaar, Astro Numerologist and Founder, NumroVani told Outlook Money that the tradition of buying gold on Akshaya Tritiya stems from Hindu mythology and cultural beliefs. Astrologically, Akshaya Tritiya aligns with the sun shining its brightest, signifying a favourable time for new beginnings and investments. This auspicious alignment is thought to attract blessings from celestial bodies, ensuring perpetual wealth and abundance. Sidhharrth S Kumaar listed the following factors to consider before buying gold on Akshaya Tritiya.
Things to Consider While Buying Gold on Akshaya Tritiya:
When purchasing gold on Akshaya Tritiya, there are several factors to consider to make the most of this auspicious occasion.
It's essential to determine the purity and authenticity of the gold being bought, ensuring it meets the desired standards.
You should be mindful of current market prices and trends to make informed decisions about your purchases.
Consider alternate options for gold investment, whether in jewellery, coins, or bars; they all bring the same luck and are crucial based on personal preferences and investment goals.
Plan your budget wisely, avoiding impulsive purchases and focusing on acquiring gold as a long-term investment.
Look for authenticity marks and certificates from trusted jewellers to verify the purity and weight of the gold.
Understand the seller's return or exchange policy in case of defects or other issues. Keep all receipts and documents safe for future reference.
What is the significance of buying gold?
Sidhharrth S Kumaar said, “The significance of gold in astrology lies in its association with Lord Brihaspati, also known as Jupiter, who represents wisdom, creativity, and positivity in Vedic astrology. Gold, being a shiny yellow metal, symbolizes the qualities attributed to Brihaspati and is considered highly auspicious. Additionally, Lord Narayan, the Preserver in Hindu mythology, is said to favour the colour yellow, further enhancing the significance of gold in astrology. Accumulating gold is believed to attract positivity and prosperity into one's life, making it a revered form of investment and a symbol of immovable wealth associated with the goddess Lakshmi.”
Understanding the Subh Muhurat to Buy Gold Online or Offline:
In today's digital age, where both online and offline purchases of gold are preferred, it's important to understand the concept of "muhurat." Whether purchasing online or offline, the muhurat primarily applies to the moment of making the payment, said Kumaar.
Kumaar said that for online transactions, where delivery times may vary, it's advisable to consider the muhurat at the time of placing the prepaid order or making the payment. This ensures that the auspicious timing aligns with the actual acquisition of the gold. In the case of cash on delivery, the muhurat can be applied to the date of receipt of the product.
“So, if you are planning to buy gold online, this Akshay Tritiya will place the order and pay for the same on May 10th; however, the product may be delivered to you later. When opting for COD, you need to order it early, expecting delivery on May 10th, so that you can make the payment in the shubh muhurat,” Sidhharrth S Kumaar added.
Akshaya Tritiya serves as a reminder of the timeless significance of gold in Hindu culture and the belief in its ability to bring prosperity and abundance. Beyond its cultural and astrological importance, purchasing gold on this auspicious day offers numerous investment benefits. By understanding the significance of Akshaya Tritiya and considering essential factors while buying gold, you can make meaningful investments that transcend generations, symbolizing wealth and enduring prosperity.
(Disclaimer: The article is for information purposes only. Please consult investment professionals before making any investment decision.)
