India is the 2nd largest market for gold next to China. Indians especially females are passionate about gold. Apart from passion gold also holds religious significance. Gold holds a sacred place in the hearts of Indians as it signifies status, prosperity & festivals.
10 auspicious days to buy gold
Dhanteras is celebrated by worshipping wealth (gold jewelry) & money. A huge rise in gold prices is observed naturally during this season due to its high demand. People in India buy jewelry, bullions, coins & equities to invest in gold for financial crises.
2. Akshaya Tritiya or Akha Teej
Akshaya Tritiya is the birthday of Lord Vishnu’s 6th incarnation. It is considered as the most auspicious & pious days to begin anything. Hindus believe that any beginning during this day is a start of growth and prosperity. Purchasing valuable items like jewellery items (gold, solitaire, diamonds, etc.) is said to invoke success, fortune & good luck.
3. Gudi Padwa
Gudi padwa (celebrated in Maharashtrian) is celebrated each year on the 1st day of Chaitra month. People believe that buying gold on this day brings good luck & wealth.
4. Shree Ganesh Jayanti
Ganesh Jayanti is devoted to Lord Ganesha. It is the most celebrated festival in the state of Maharashtra, India. This day is celebrated as the lord Ganesh’s birthday and people believe that buying gold on this day brings good luck.
5. Dussehra or vijaya dashmi
Dussehra falls every year on the 10th day after Navratri. Dussehra symbolizes the victory of good-spirit over evil-spirit. Hindus believe that buying gold/silver on this occasion brings peace and prosperity.
Pongal is the harvest festival of south India celebrated mainly by the Tamilians. On this day Hindus worship the .Lord Surya. by offering prayers. They purchase gold to celebrate this occasion as .gold. symbolizes prosperity.
7. Makar Sankranti
Makar Sankranti is the most auspicious occasion of the Hindus celebrated all over India but is largely celebrated in Andhra Pradesh. It marks the arrival of spring season in India.
8. Durga Puja
Durga Puja is celebrated to worship goddess Durga. It reflects the victory of .good. over .evil.. This day is considered highly-auspicious for buying gold.
9. Pushya Nakshatra
The favorable positions of stars on this occasion results into success & prosperity. This day is considered highly-auspicious for begin new ventures & buying jewellery.
10. Gurupushyamrit yoga or Guru Pushya Nakshatra
Gurupushyamritis considered highly-auspicious to pray goddess Lakshmiji & seek her blessings. It occurs 2-3 times in a year.