In fact, Dhanteras is considered an auspicious day to buy gold in 2024. But then again, it also depends on your financial goals and the market price of gold. It is best to conduct thorough research before making the purchase.
What precautions should be taken while purchasing gold in India?
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Best Time to Buy Gold Based on Market Fundamentals
However, on Dhanteras silver coins are more in demand along with Kalash, bowls, spoons, tumblers and Lakshmi-Ganesha statues made of silver. You must decide based on both market conditions and your personal goals to ensure the best auspicious day to buy gold choice. The timing and amount of investment will vary according to your objectives, irrespective of the day being Saturday or any other day.
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- Thus, people find the best day to buy Gold or look for today’s muhurat for gold purchase on the occasion of festivals, weddings, childbirth, birthdays or anniversaries.
- The gold you buy on this day is considered to be lucky and a sign of progress.
- Any day on Pushya Nakshatra and festivals are said to be the best days to buy Gold jewelry and Gold items.
Shubh Muhurat for Gold Buying 2024
Live Silver Spot Price in Sterling.Silver (Ag), chemical element, a white lustrous metal valued for its decorative beauty and electrical conductivity. Silver is located in Group 11 (Ib) and Period 5 of the periodic table, between copper (Period 4) and gold (Period 6), and its physical and chemical properties are intermediate between those two metals. Gold’s got a solid reputation for being a safe bet over the long haul, especially if you’re looking to protect your wealth from things like inflation. It’s important to buy gold from a dealer you feel will provide the best relationship and genuine guidance.
Akshaya Tritiya 2024
Dhanteras is a Hindu festival that falls two days before Diwali each year. Diwali is a festival dedicated to Goddess Lakshmi the deity of good health and prosperity. Dhanteras marks the beginning of the Diwali festivities, therefore people buy new items. They also prioritise buying gold on Dhanteras to please Goddess Lakshmi and invite her to their homes.
In the year 2024, for those seeking an auspicious time to buy gold, Diwali continues to be widely regarded as an exceptionally fortunate occasion. This cherished tradition is rooted in the belief that Diwali invites the benevolent presence of Goddess Lakshmi into our homes, where we earnestly seek her blessings for prosperity and good fortune. Please read all scheme related documents carefully before investing. While these beliefs may vary in different cultures, the underlying theme or importance remains the same – the hope for a brighter and more prosperous future. So, the next time when you plan to buy gold, consider the cultural and astrological aspects, and may your purchase be a step towards unlocking prosperity in your life. In addition to cultural beliefs, Dusshera is also significant in the business world.
Having to sellback gold very soon after buying due to misjudged cashflow, can prove a costly mistake due to bid/offer spreads and market movements. The timing of the next market downturn is impossible to predict with any accuracy. Usually, gold prices spike significantly as soon as news of a black swan event emerges. For this reason, it’s always good to own some gold in preparation for the next down cycle, whenever it may be.