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Like every year, the new year 2024 brings with it many favourable days to buy gold – “Sona Kharidne Ka Shubh Din”, as the Indians call it. Besides wedding seasons, auspicious day to buy gold here are some of the most popular Indian events when people run to jewellery stores just to find the right gold item for themselves. Just upload your form 16, claim your deductions and get your acknowledgment number online.
It is a part of Hindu rituals or traditions and connected to the deep sentiments of Indian people. Thus, people find the best day to buy Gold or look for today’s muhurat for gold purchase on the occasion of festivals, weddings, childbirth, birthdays or anniversaries. Since gold is a secure investment that often yields guaranteed returns, it is seen as an auspicious commodity to purchase in India. You can choose the days or months that best suit your needs and desires in terms of money, depending on the Hindu calendar.
What precautions should be taken while purchasing gold in India?
- The tradition of buying gold dates back to the time of King Bali, who is believed to have come back to Earth on this day.
- Dhanteras is considered a highly auspicious day for wealth and prosperity just like the name.
- Furthermore, it is also believed that any investment made on this day will continue to grow and never diminish, thus the name “Akshaya,” which means endless or eternal.
- So they often look up at the sky at the moon and stars when specific lunar phases or astrological positions are appropriate or auspicious.
For millennia, gold has served as a store of value when currencies falter or geopolitical tensions rise. Unlike stocks or bonds, physical gold doesn’t rely on any issuer’s promise or performance. This intrinsic value becomes particularly attractive when uncertainty looms. For investment, gold coins or bars are better as they have lower making charges compared to jewelry. Under Section 54F of the IT Act, 1961, you can seek a tax exemption on long-term capital gains from the sale of gold assets in order to avoid paying taxes.
Balipratipada is observed to mark the return of King Bali to earth. Dussehra is a popular Hindu festival, typically celebrated in October or November.
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According to Vedic astrology, the positions and movements of the planets have a significant influence on the price of gold during the Muhurat periods. The auspicious time periods are determined based on the alignments of the planets that are believed to impact one’s life events positively. Buying gold during these favourable periods is thought to bring prosperity and good fortune. Studying the current gold market prices and considering your own financial goals will assist you in making informed decisions. Proper planning of your investment strategy increases the likelihood of achieving positive results.
Q17. How much gold is not taxed in India?
Many businesses celebrate Dusshera by launching new projects or making important investments on the day, which they believe will bring them luck and prosperity. Akshaya Tritiya, also known as Akha Teej, is considered one of the most auspicious days in Hindu culture, believed to bring eternal prosperity. “Akshaya” in Sanskrit means “never diminishing.” Hence, starting new ventures or buying gold on this day is thought to ensure perpetual success and wealth. The day also has mythological significance, as it is believed to be the day when Lord Ganesha started writing the epic Mahabharata to Veda Vyasa’s dictation. Giving gifts of gold, especially gold jewellery, is an important cultural tradition during religious festivals, weddings and other special occasions. Purchasing gold during an auspicious Muhurat is believed to maximise the prosperity and good luck the gold brings.
They also prioritise buying gold on Dhanteras to please Goddess Lakshmi and invite her to their homes. As a tradition, every Hindu household buys at least one new item and most prefer buying gold jewellery. Jewellers report record sales on Dhanteras and usually, gold rates are the highest on this day. A prominent harvest festival, Makar Sankranti is an auspicious day. Celebrated across the country, it is also known as Pongal and Bihu in different states of India.
Navratri is a festival dedicated to the worship of the Hindu deity Durga. The festival lasts for nine nights (Navratri literally means “nine nights”), each dedicated to one of the nine forms of Goddess Durga. Dussehra, the tenth day, celebrates the victory of Lord Rama over Ravana and the triumph of good over evil. Buying gold during this time is considered to invoke the divine blessings of Durga, ensuring protection, strength, and prosperity. The details mentioned in the respective product/ service document shall prevail in case of any inconsistency with respect to the information referring to BFL products and services on this page.
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So, the next time when you plan to buy gold, consider the cultural and astrological aspects, and may your purchase be a step towards unlocking prosperity in your life. It is celebrated by people of different religions, such as Jainism and Buddhism, with their own unique customs and traditions. This further emphasizes the importance and universality of this festival in buying gold. Any day on Pushya Nakshatra and festivals are said to be the best days to buy Gold jewelry and Gold items. The most auspicious day for Gold purchase is Akshay Tritiya or Akha Teej.
Makar Sankranti
Gold is said to promise abundance and prosperity, along with gradually becoming a very solid source of investment. Moreover, it holds an auspicious place in mythologies and scriptures. Thus, the sacred place of gold is very deep-rooted in the Indian mind. It influences the tradition of purchasing gold due to its religious and cultural importance. It is believed that on this day, King Bali returned to Earth, symbolizing generosity and prosperity. According to Hindu mythology, purchasing gold on this auspicious day will continue to grow just like the name suggests “Akshaya” which means eternal or endless.
Q23. What Is the Best Month to Buy Gold in 2024?
This includes factors such as the current market price of gold, the purity of the gold being purchased, and the reliability of the seller. Conducting thorough research and making informed decisions can help ensure a positive and beneficial experience when buying gold during this auspicious time. Buying Gold on Shubh muhurat increases the auspiciousness and brings abundance and prosperity at home.
Hence, users are advised to independently exercise diligence by verifying complete information, including by consulting experts, if any. Users shall be the sole owner of the decision taken, if any, about suitability of the same. The gold-buying ritual has been part of Indian culture for many centuries. Moreover, in astrology, gold-buying is one of the significant events when it comes to Shubh Muhurat. Here is a list of auspicious Gold Buying Muhurat dates for each month. Firstly, you will have to study the markets to decide when to buy gold.
Gold Buying Muhurat 2025
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- Buying gold on this day is thought to honor King Bali’s virtues of generosity and bring prosperity and benevolence into one’s home.
- On Dhanteras, devotees worship Goddess Lakshmi, who embodies wealth and well-being.
- The sun’s movement is considered favorable, enhancing the positive effects of the gold purchase.
It marks the victory of light over darkness and is a time for families to come together, perform rituals, and celebrate prosperity and joy. Mars Horai on Tuesday is a very good time for buying Gold or precious stones or metals. However, Shubh muhurat depends upon the Nakshatras, Tithi, Yoga and Karana.
Buying gold on this day is a deeply rooted cultural practice, symbolizing wealth, prosperity, and generosity. It’s believed that acquiring gold brings blessings, financial prosperity, and luck, integrating religious and economic beliefs. By investing in gold during Balipratipada, individuals harmonize their financial decisions with their cultural values, strengthening the connection between their beliefs and financial choices. It is no hidden fact that since ages, gold has held a high significance in Indian culture. It is a common belief that buying gold on certain auspicious days enhances the buyer’s good fortune multiple times. Let’s check out which are the auspicious days in 2024 for buying this precious metal.
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