As the financial system sunk additional into the recession, gold prices soared to around $1,888 in 2011 as a result of investor sentiment and demand. Silver costs have been rather flat, with some exceptions corresponding to 2011. However, silver nonetheless has intrinsic worth and is reasonable- about seventy five to 80 instances cheaper than gold.
Lord Rama had killed Ravana and Goddess Durga had slain the demon king on this day. To celebrate their victory and the beginning of good times, people buy gold. All nine days of Navratri are auspicious to buy gold in 2023. Gold prices may peak during these days as demand is very high.
On this day, Goddess Durga defeated and killed the demon-Mahishasura. This day is considered one of the most auspicious days to buy Gold. People worship Goddess Durga in nine distinct incarnations throughout nine days and nine nights. People construct large pandals or shamianas for the worship of Durga Maa, and the goddess’s idol is then put within. The nine days of Navratri are particularly lucky, and people are often very positive about purchasing gold during this time.
List of Days to Buy Gold in Pushya Nakshatra 2023
A question almost every Indian who believes in astrology asks before buying gold. Festivals, weddings, childbirth, birthdays or anniversaries- Every occasion in India is marked with gifting gold. Hindu Astrology lays immense importance of finding the shubh muhurat before performing any auspicious event. The last day or the third day of Diwali is known as Balipratipada. This day is when most Indians indulge in buying gold as it marks the end of auspicious time according to the Hindu culture. It is also known by Bali Padyami or Bali Padva in different parts of the country.
In the Ramayana, Lord Ram installed a golden statue of Sita, as a mark of her purity. Get live Share Market updates and latest India News and business news on Financial Express. On this day, people wake up early, wear fresh clothes, and perform Akshaya Tritiya puja. Goddess Lakshmi, Lord Ganesha, and Lord Vishnu are worshipped and offered yellow clothes and flowers.
Auspicious days for gold purchases in India
As per Hindu scriptures, purchasing anything or property or home or starting anything new on the auspicious days proves very fruitful. It is believed that purchasing Gold on auspicious days such as Akshaya Tritiya or Pushyami/Pushya Nakshatra bestows good luck and fortune. Thus, most of the gold purchase is done on the most auspicious days or Shubh muhurat for Gold purchase. Purchasing gold is no different from buying any other thing.
- On this day, Goddess Durga defeated and killed the demon-Mahishasura.
- If we talk about the auspicious day to buy iron, then you can buy iron on any day of the week except Saturday.
- On this day, the demand for gold amongst local jewellers in the country is seen to surge significantly.
- In Andhra Pradesh, Karnataka, and Telangana the day is celebrated as Ugadi while people in Kerala celebrate Onam.
- Let us tell you that while buying metals like gold and iron, keep in mind the auspicious day.
It is regarded as the most favourable day for purchasing gold. Buying gold or gold products on Dhanteras is thought to bring Goddess Lakshmi and Lord Kuber blessings of wealth, success, and abundance. This is the finest Shubh muhurat for gold purchases because the full day of Dhanteras is good for buying.
Nakshatra, for the unaware, is simply a constellation that the moon is passing through at the time of your birth. There are as many as 27 nakshatras in astrology, and nakshatra changes every one day. Whatever nakshatra the moon is passing through at the time of your birth, it certainly becomes your nakshatra.
What is a good day to buy gold?
You may be aware that according to the Hindu calendar, Ugadi and Gudi Padwa fall within the first year. Andhra Pradesh, Karnataka, and Telangana celebrate the new year with Ugadi, auspicious day to buy gold in 2016 whereas Maharashtra celebrates it with Gudi Padwa. Many individuals today want to purchase gold because they view it as lucky and see it as a sign of success and fresh beginnings.
It is thus very important that you know the most auspicious days to purchase gold. When you are buying gold for yourself, you need to consult your horoscope with the panchangam to identify the good dates to buy gold for you, according to the planet positions. Like other important activities the most Hindus prefer Muhurat i.e. auspicious time to purchase gold during Diwali. Pushya Nakshatra day and Dhanteras are the two most auspicious days when most of the gold purchasing occurs during Diwali festivity.
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The planet Jupiter is the ruler of Pushya Nakshatra which makes Thursday a double auspicious day to buy Gold jewellery or other items. Pushya Nakshatra is a particularly auspicious star sign according to Hindu scriptures. For example, Lakshmi, the Indian deity of wealth and prosperity, was born on this day according to legend. Astrotalk is the best astrology website for online Astrology predictions.
The festival celebrates the victory of Goddess Durga over the evil demon Mahishasura. The nine days of Navratri signify new beginnings and prosperity. It is a significant festival for the people of West Bengal and Gujarat.
An interesting comparison of gold with the soul or Atman is worthy of mention. Ancient Indian philosophy considers the soul to be the purest form of life. Once life perishes, the soul is liberated from bodily clutches. Similarly, upon dropping a piece of gold into the fire, the impurities on its surface dissolve away, leaving a mass of pure gold behind.
The name Dhanteras signifies the worship of the Goddess of Wealth, Lakshmi. Dhanteras marks the first day of the festival of Diwali in India. In the Hindu scriptures, this day is considered to bring prosperity, wealth and health to the people who buy or invest in the metal. Due to this, irrespective of the global prices, value of the dollar or the rupee, demand for gold amongst local jewellers in the country is on an all-time high. In 2023, Dhanteras will be celebrated on 10 November, followed by Diwali on 14 November. Dhanteras, also known as Dhantrayodashi, is the first day of the Diwali festival, which lasts five days.
The list of lucky days to buy gold in 2023 is provided in this post. People have purchased Gold throughout history for a variety of reasons. On the other hand, gold has consistently held its worth in other assets including paper money for millennia. The use of gold is deeply ingrained in the cultures of many nations.
Of late, Gold, is considered as the most high-yielding and one of the safest investment options.
It’s also value noting that the ‘guidelines’ of portfolio administration apply to gold as nicely. The value of gold peaked in 2011 at $1,921 and has seen ups and downs since that time. That stated, gold costs rose further, even as the economic system recovered. Certainly, during instances of financial disaster, traders flock to gold. This could be purchased on the inventory trade and transferred in the same means as a share. We have long been, and can doubtless continue to be, enamored by gold.
The Indian wedding season places the largest demand for gold in October globally. People purchase gold for their own needs and offer it to the gods. In addition, gold will be bought for their daughters’ weddings. Most people think it’s highly important to purchase gold at a lucky moment since it brings luck.