Gold is a very important and priced commodity in the world. Not only that but in India, gold has a profound significance in Hindu Tradition and culture.
It is often revered as a symbol of purity and prosperity, it is an integral part of religious ceremonies, weddings, and festivals.
Gold is also associated with Goddess Lakshmi which also gives a religious angle to it making it very important for a family to accumulate gold at their home.
It represents the eternal and unchanging nature of the divine. Gold jewelry is passed down through generations, signifying heritage and familial bonds.
Since, gold holds such a high regard in Indian Society, purchasing gold is also a special event that is timed as per the old Hindu tradition of Pachanga.
Pachanga is a manual of time that calculates the time and derives the good timing as well as bad timing to do things.
In the year 2024, as per Pachanga, there are several days when you can purchase gold. In this article, we will determine all these dates that you can use to purchase the gold.
Table of Contents
Auspicious Date to Purchase Gold
| Date | Festivals |
| January 14, 2023 | Makar Sankranti |
| March 22, 2023 | Ugadi or Gudi Padwa |
| April 22, 2023 | Akshaya Tritiya |
| October 15-24 2023 | Navratri |
| October 24, 2023 | Dussehra |
| November 10-12 2023 | Dhanteras/Diwali |
Why Choose These Days?
Gold is a very valuable and important commodity in Indian households hence, it becomes important to buy them on particular dates and particular muhurats. The following are the reasons to choose these days for purchasing gold-
Makar Sankranti:
Makar Sankranti is a Hindu festival of harvest celebrated astonishingly all over India. The harvest festival is known by many names Makar Sankranti in the North, Pongal in the South, Bhog Bihu, etc. but more or less it is the same tradition with local cultural changes.
On this day the sun enters the zodiac sign of Capricorn and usually falls on January 14th or 15th and signifies the end of winter and the beginning of longer days.
People take holy dips in rivers, fly kites, exchange sweets made from jaggery and sesame seeds, and offer prayers to the sun god. This day is also auspicious to purchase gold.
Ugadi or Gudi Padwa:
Ugadi, also known as Gudi Padwa in Maharashtra, is the New Year’s Day for people in the states of Andhra Pradesh, Telangana, and Karnataka in India.
The new year is based on the Hindu calendar and falls on the Pratipada Tithi of Chaitra Shukla Paksha of the Hindu Calendar.
It falls in March or April, marking the beginning of a new lunar year. People clean their homes, wear new clothes, and decorate the entrances of their houses with colorful rangoli and mango leaves.
A special dish called “Ugadi Pachadi,” made with various flavors representing different aspects of life, is prepared and consumed. You can buy gold on this auspicious day and observe the beginning of your year with prosperity and happiness.
Akshaya Tritiya:
Akshaya Tritiya is a significant Hindu festival that falls on the third day of the lunar month of Vaishakha (April-May).
It is considered an auspicious day for starting new ventures, making investments, and purchasing gold or other valuable items.
The word “Akshaya” means “never diminishing,” and it is believed that any good deed or purchase made on this day brings long-lasting prosperity.
Navratri:
Navratri is a nine-night festival dedicated to the worship of the goddess Durga. It usually occurs twice a year, in the months of Chaitra (March-April) and Ashwin (September-October).
The festival celebrates the victory of good over evil and involves various rituals, fasting, dancing (Garba and Dandiya), and worship of different forms of the goddess.
The tenth day, known as Dussehra, marks the culmination of Navratri. You can purchase gold on any of these auspicious days.
Dussehra:
Dussehra, also known as Vijayadashami, is a major Hindu festival that signifies the victory of Lord Rama over the demon king Ravana, symbolizing the triumph of good over evil.
It is celebrated on the tenth day of the Navratri festival. In many parts of India, elaborate processions and effigy burnings of Ravana take place. It also marks the end of the Navratri fasting period and you can purchase gold on this auspicious day to signify good.
Dhanteras/Diwali:
Danteras to Diwali, you can buy gold any day as all three days are considered auspicious however, Danteras is specifically very very auspicious for buying gold or other metals.
The best part is that you’ll get amazing discounts on your purchases as well. On this day, it is a tradition to buy gold, silver, utensils, or other items as a symbol of good luck and prosperity
Diwali, also known as the Festival of Lights, is one of the most important festivals in India. It celebrates the victory of light over darkness and knowledge over ignorance. People light oil lamps, decorate their homes, exchange gifts, and enjoy festive sweets and delicacies.
FAQ
Any gold purchase of Rs.10 Lakhs or more requires the purchaser to showcase his/her KYC details document like PAN Card, Aadhaar card, etc.
To avoid paying tax, you can claim exemption on long-term capital gain from the sale of old gold assets under section 54F of the Income Tax Act, 1961.
A married woman owning 500 grams of gold is considered to be tax-free and an unmarried woman with 250 grams of gold is considered to be tax-free.
Saturdays are usually considered to be a bad day to purchase gold, therefore, you should avoid purchasing gold on this day. However, if some important auspicious day falls on Saturday, then this rule does not apply.
Before purchasing the gold, you’ll have to check the metal price, and purity of the gold to find the best jewelry. Also, you’ll have to negotiate the making charges of the gold jewelry to get the best deal.
I’m Shiv Kumar, a graduate with a passion for finance, marketing, and technology. My journey into finance started with a desire to understand money management and investing.
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