If you plan your investment well, it will lead to the right results. You have to evaluate the market prices of gold, your goals and budget to decide if you should buy gold. Based on your budget and aspirations, you must check if an investment in gold will help you achieve your goals. Diwali, the festival of lights, is the biggest gold-buying occasion in India. During this festive season, jewellery stores run exciting offers and discounts on gold items.

Pushya Nakshatra day and Dhanteras are the two most auspicious days when most of the gold purchasing occurs during Diwali festivity. Nakshatra Pushya, being the birth star of Goddess Lakshmi, has got the honor of being the most auspicious Nakshatra to bring Lakshmi home. Purchasing gold during Diwali is religiously significant as buying gold during Diwali is considered auspicious.

Gold purchase muhurat: Significance and timings

Take time to understand market cycles and carefully consider your financial goals and limitations before making a move. Discover the best day to buy gold, including auspicious day to buy gold like Friday, Dhanteras, Pushyami & Gudi Padwa, as per astrology & the Hindu calendar. You are advised to consult an investment advisor in case you would like to undertake financial planning and / or investment advice for meeting your investment requirements. Akshaya Tritiya also known as Akha Teej is considered to be a good day to purchase gold in Hindu culture.

According to mythology, this is the day on which King Bali returned to earth. Celebrated towards the end of Diwali, buying gold during Balipratipada is considered auspicious. People buy gold during this period for health, wealth, peace, and prosperity. Dhanteras, two days before Diwali, is considered the best day to buy gold. According to Hindu belief, buying gold on this day blesses us with happiness and wealth. Gold prices are comparatively lower on this day, plus one can also get discounts.

In a similar vein, an investment in gold during this time is believed to bring endless wealth and prosperity. Rahu Kaal and Amavasya are generally considered inauspicious for buying gold. Consult a Pandit and avoid days when one can expect this occurrence. One can consider muhurats that fall on Thursdays or Fridays, which are ruled by the planets Jupiter and Venus. Monday, Tuesday and Sunday are also good options when choosing which day is good for buying gold, depending on other astrological factors.

Auspicious days to buy gold in India 2024 : Complete List

So we thought we’d equip you with 9 hacks and considerations to determine the best time to buy gold. auspicious day to buy gold Holding gold over the long term has proven over the years to provide a secure store of wealth and outperform inflation. Obviously with hindsight, it’s easier to identify periods of time when gold’s value rose the most. Yes, it is the day of Venus and is considered a soft and funny day.

1. If you plan your investment well, it will lead to the right results.
2. It’s that magical time when the stars align, and the universe showers its blessings upon us, making it the perfect occasion to invest in the timeless treasure of gold.
3. All investment decisions shall be taken by you in your sole discretion.
4. Gold has a long history and track record, making it easier to predict its price performance based on past trends.

Auspicious Days to Buy Gold in 2024

Many people also believe purchasing gold on Pushyami can help alleviate any negative effects or obstacles in their horoscope, making it a popular choice among those who follow astrology. Akshaya Tritiya, also known as Akha Teej, is considered one of Hindu culture’s good day to buy gold. This day falls on the third lunar day of the bright half of the traditional Indian calendar month of Vaisakhi. You have to study the market conditions to make the right decision. Dhanteras marks the beginning of Diwali and is one of the most important days for buying gold.

The ritual of buying gold during Diwali is equivalent of inviting Lakshmi, the Goddess of wealth and prosperity at home. India is the land of various festivals and celebrations, so there are many auspicious days to buy gold in 2024. Depending on the Hindu Calendar, you can select the dates that match your financial situation.

Best Days To Buy Gold

We’ve covered the Dow gold ratio, so let’s shift our focus to the patterns and movements of gold prices. Gold’s value, often reflected in the dollar-to-gold ratio, exhibits long, distinct cycles. We buy gold as part of a portfolio – part of a broader strategy, and we choose our allocation to gold relative to our allocation to other assets.

Focussing your timing on macro influences may help buy gold at lower prices and sell when it’s higher. But that doesn’t necessarily mean it’s the best time for everyone to buy gold. With that in mind, be prepared for gold prices to move most in the London afternoon if the US releases particularly important economic data. While we haven’t observed a clear price trend linked to specific times of the day, some experts argue that the live gold price tends to spike just before the daily LBMA fixes at 10.30am and 3pm. If you believe this to be true, you may wish to buy at other times. If you feel the economy is set to struggle, it could be an ideal time to buy gold.