When To Buy Gold in 2024?

In India, buying gold on particular auspicious days has cultural, traditional, and occasionally astrological significance related to notions of luck, prosperity, and auspiciousness. Here is a list of days when you can buy gold in 2024.

Makar Sankranti

Makar Sankranti, which falls on January 1st, is widely observed and has a significant impact on gold purchases in India. The celebration coincides with the sun's entry into the sign of Capricorn, which denotes the end of winter and the start of longer, brighter days. 

Purchasing gold is thought to bring luck and wealth on this day. The movement of the sun is thought to increase positivity and be advantageous for buying gold. 

Pushya Nakshatra

In Hindu tradition, Pushya Nakshatra, often referred to as Pushyami, Pooyam, and Poosam, is very important. Because it falls on the eighth day after either the new or full moon, it is one of the best days to make investments. 

According to Vedic astrology, Pushyami is governed by Jupiter (Brihaspati), the planet of wealth and fortune. According to astrologers, now is among the finest times to buy gold since it symbolizes prosperity, expansion, and good fortune. 

Gudi Padwa and Ugadi

In certain Indian states, Ugadi and Gudi Padwa are significant New Year's celebrations. In addition, this day is known as Onam and Vaisakhi. People buy gold as a sign of good fortune to signify this event, which offers the prospect of a fresh start. 

The Telugu and Kannada new year is called Ugadi, and the Marathi new year is called Gudi Padwa. Today is viewed as an excellent time to invest, particularly in gold metal for a prosperous future. 

Tritiya Akshaya

In Hindu tradition, Akshaya Tritiya, or Akha Teej, is regarded as an auspicious day to buy gold. This day occurs on the third lunar day of the Vaisakhi month in the conventional Indian calendar. 

Hindu mythology states that buying gold on this auspicious day will result in continued growth, exactly as the word "Akshaya," which means eternal or unending, suggests. On this day, a lot of people also decide to tie the knot or launch a new business. 

Dussehra/Navratri

India celebrates Navratri, a festival honoring the goddess Durga, widely. Hindu mythology states that a different goddess is honored every day throughout the nine days of Navaratri, and gold is said to symbolize each goddess' holy vitality. 

The tenth day of Navratri, also known as Dussehra or Vijayadashmi, is when Durga Puja takes place. Buying gold is thought to bring blessings and represent the victory of good over evil on this day. People eagerly await this day to make gold investments in an effort to attract wealth and prosperity into their life. 

Diwali/Dhanteras

The first day of Diwali, an extensively observed festival in India, is known as Dhanteras. In Hindu culture, the day is extremely important and is observed on the thirteenth day of Krishna Paksha in the month of Kartik. Like its name suggests, Dhanteras is regarded as a very fortunate day for money and success.  

It is thought that Lord Dhanvantari, one of the gods' physicians and a manifestation of Lord Vishnu, appeared holding an elixir jug. In order to worship prosperity, individuals invest in gold metals on this day, which also represents financial security. 

Balipratipada

Balipratipada is a major Hindu holiday. The religious and cultural significance of gold affects the custom of buying it. It is thought that King Bali, a representation of wealth and generosity, made his way back to Earth on this day.  

Purchasing gold is lucky on this day because it represents prosperity and well-being. This behavior stems from the idea that gold, a representation of wealth and prosperity, brings benefits. 

Forbes Advisor India provides a list of optimal gold-buying days in 2024, but it's crucial to note that daily investment in gold is acceptable with proper consideration and research. Despite diverse beliefs and cultural variances, the underlying aspiration for a better future and well-being remains constant. Hence, careful planning is advised when investing in gold.