Buying Gold on Akshaya Tritiya: Significance, Benefits, and Best Deals

Gold symbolizes wealth, prosperity, and good fortune. In India though gold can be an investment in some areas too, it is at the same time a quintessential cultural tradition that people cherish and weave into their daily lives. Akshaya Tritiya is one of the most sacred times to purchase gold. People think that buying gold on this day can bestow a kind of lasting fortune, prosperity that lasts for life.

As Akshaya Tritiya approaches, everyone is giddy with excitement and eager to invest in gold. If you are also going to invest in gold, this guide will make you aware of its importance, advantages, and how to make the best deals.

What is Akshaya Tritiya and Why is it Important?

Akshaya Tritiya is an extremely auspicious day in Hinduism. This happens on the third bright moon day during the month of Vaishakha.  Akshaya means "ever-increasing" in Sanskrit and it is also heavily associated with good luck and prosperity, folklore and Hinduism mix and make this a truly handsome term overall. Kind of like wise men saying things freely without getting hung up on names. 

This day has various mythological occurrences. According to legend, Lord Krishna blessed Draupadi with a bowl of akshaya patra which means that a never ending food supply would always be present. There's a different story about Kubera too, the God of Money, who got his riches on this very day. People start new businesses, invest money and gold in hopes that these things will bring prosperity into their life.

Why is Buying Gold on Akshaya Tritiya Considered Auspicious?

Gold has been the symbol of riches for centuries. Purchasing gold on Akshaya Tritiya is said to ensure success and long-term success.

• Most people hold the view that money earned on this day never runs out and keeps increasing.
• It is regarded as the best time to initiate new financial investments.
• Gold bought on Akshaya Tritiya is said to bring the blessings of Goddess Lakshmi, the goddess of wealth.
• It is a great time for individuals who are organizing weddings, buying properties, or expanding businesses.

Related Blog: Things to Buy on Akshaya Tritiya for Wealth and Prosperity

Benefits of Buying Gold on Akshaya Tritiya

Purchasing gold on Akshaya Tritiya has various advantages. This is why it is an ideal time to invest:

• Spiritual Significance – Gold bought during this day is said to bestow divine blessings.
• Long-Term Investment – Gold has consistently demonstrated consistent returns in the long run.
• Financial Security – It is an inflation hedge and also a defence against economic unrest.
• Gifting Tradition – Gold is a great gift item for loved ones, a symbol of prosperity.
• Low-Risk Asset – Gold is a secure asset compared to stocks and other fluctuating investments.
• Attractive Discounts – Special offers, reduced making charges, and special designs are provided by many jewellers.
• Easy Liquidity – Gold is easily sold or pledged during times of crisis.
• Purity Guarantee – Purchasing from well-known shops guarantees BIS-hallmarked gold for purity.
• Multiple Options – Investments can be made in various forms ranging from jewellery to digital gold.

Best Ways to Buy Gold on Akshaya Tritiya

There are various options to invest in gold. Based on your choice, you can opt for the following:

• Gold Jewellery – Classic and fashionable, suitable for personal use or as a gift.
• Gold Coins & Bars – Suitable for investment and can be easily resold.
• Digital Gold – Invest small quantities online and keep them safe.
• Gold ETFs & Mutual Funds – Suitable for investors who want a market-linked investment.
• Sovereign Gold Bonds (SGBs) – Issued by the government with interest benefits.
• Gold Savings Schemes – Most jewellers provide instalment-based gold schemes.

Tips to Get the Best Deals on Gold for Akshaya Tritiya

Purchasing gold during Akshaya Tritiya is a good idea, but keep these tips in mind to make an intelligent purchase:

• Compare Prices – Gold prices change every day, so visit several jewellers before purchasing.
• Check Purity – Purchase BIS-hallmarked gold only to ensure authenticity.
• Search for Discounts – Brands give discounts on making charges during festivals.
• Buy from Reputed Jewellers – Purchase from known brands to ensure quality and resale value.
• Understand Making Charges – Certain designs have higher making charges, hence check before buying.
• Think Investment Options – If you desire long-term growth, gold ETFs and SGBs are good options.
• Safe Storage – If bulk buying, keep it in a bank locker for security.

FAQs About Buying Gold on Akshaya Tritiya

Q1. Is it necessary to buy physical gold on Akshaya Tritiya?

No, you may invest in gold ETFs, digital gold, or sovereign gold bonds. Gold in physical form is old-fashioned, but there are modern forms that are convenient and secure.

Q2. How do I get assurance about the purity of gold that I buy?

Check for the BIS hallmark, which certifies the purity of gold. Always insist on a proper invoice and verify weight and carat details.

Q3. Are there any special discounts on gold during Akshaya Tritiya?

Yes, many jewellers offer discounts on making charges, special designs, and festive offers. Some also provide cashback or exchange bonuses.

Q4. Should I invest in gold coins or jewellery on Akshaya Tritiya?

If you want an investment, gold coins and bars are better as they have lower making charges. Jewellery is ideal if you plan to wear or gift it.

Q5. Is digital gold a good alternative to physical gold?

Yes, digital gold allows you to buy gold online in small amounts and store it securely. It is backed by physical gold and can be redeemed when needed.

Conclusion

Akshaya Tritiya is a golden chance to invest in prosperity. Purchasing gold on this day is not only a ritual but a prudent financial move. Whether you purchase jewellery, coins, or online gold, it is worth its weight in the long run.
Before buying, check for purity, compare prices, and avail of festive offers. With proper decisions, your gold investment will yield wealth and prosperity in the coming years.

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Avail special festive deals, the best gold prices, and great discounts on making charges. Go to PNG Jewellers today and take home prosperity this Akshaya Tritiya!