Did you know that India ranks as the world's second-largest consumer of gold? Over the past decade, the country's annual gold demand has consistently exceeded 800 tonnes. This high demand stems from our deep-seated passion for this precious metal. In India, gold is a cherished part of numerous celebrations, with Akshaya Tritiya being particularly significant for gold purchases.
But why is Akshaya Tritiya considered the ideal time to buy gold? Here are some of the most compelling reasons.
According to Hindu scriptures, Akshaya Tritiya signifies the start of Satyug, the golden age. On this day, Lord Krishna gave Draupadi a magical leaf that produced endless food for the Pandavas during their exile. This event is symbolic of divine blessings and the prosperous era that began with Satyug, highlighting the significance of this day.
Akshaya Tritiya is believed to feature the Sun at its peak radiance, being the lord of the moon and all planets. The Sun's enhanced brightness on this day is considered highly auspicious for new beginnings, such as forging partnerships and conducting weddings. This optimal planetary alignment is thought to bring positive outcomes and success.
Hindu mythology narrates that the river Ganga descended from heaven to earth on Akshaya Tritiya. This day is also associated with the birth of Goddess Annapurna, who is revered for her role in providing nourishment. The descent of the Ganga is celebrated as a significant event that brings spiritual and physical purity.
The term 'Akshaya' translates to 'never diminishing,' which is why buying gold on Akshaya Tritiya is believed to ensure lasting wealth. The belief is that any investment or purchase made on this day will bring prosperity and that accumulated wealth will never deplete, symbolising an eternal flow of abundance.
Akshaya Tritiya is believed to be an auspicious day for starting new ventures and investments. Many people believe that purchasing precious metals like gold on this day brings good luck and prosperity. The day's positive energy enhances the success and growth of new ventures, making it a favourable time for significant financial decisions.
Now that you know the numerous benefits of buying gold for this auspicious occasion, you might wonder, "How do I buy gold?" In the past, gold was mainly purchased in physical forms like jewellery, coins, or bars. However, modern alternatives such as Gold Exchange Traded Funds (ETFs) exist today.
Gold ETFs come in either dematerialised or paper form and are tradable on stock exchanges like other funds. This method of investing in gold offers several distinct advantages:
If you wish to get the best out of gold ETFs, invest in them immediately. All you need to do is open a Demat account with HDFC Bank. Not only is this a quick process, but there is no account opening charge, which makes it all the more attractive. You can also use your demat account to link to other investment options.
So, this Akshaya Tritiya resolve to start a new and prosperous investment in gold ETFs for a better and brighter future!