Diwali festivities in India are set to begin with Dhanteras on Oct. 29. The day is considered auspicious for buying precious metals like gold and silver as it symbolises the welcoming of Goddess Lakshmi. Dhanteras is derived from two Sanskrit words ‘Dhan’ which means wealth and ‘Teras’ which denotes the ‘13th day’.
Dhanteras is celebrated on the 13th lunar day of Krishna Paksha in the month of Kartik, as per the Hindu calendar.
As per beliefs, buying gold, silver or other metals brings good luck and prosperity to one’s life.
Here is everything you need to know about buying gold on Dhanteras 2024:
Significance of Buying Gold on Dhanteras
Gold holds a special significance in Hindu culture as it is believed to bring wealth, prosperity, and good fortune. This is why buying gold on Dhanteras is considered an important tradition for many Indians. It is believed that Goddess Lakshmi, the goddess of wealth and prosperity, enters households that are well-lit and adorned with gold on this auspicious day.
Factors to Consider While Buying Gold on Dhanteras
When buying gold on Dhanteras, it is important to consider factors such as the purity of the gold, the current market price, and the reputation of the seller. It is advisable to buy gold from trusted jewellers or retailers to ensure the authenticity of the metal. Additionally, comparing prices from different sources can help you get the best deal on your purchase.
Celebrations and Traditions on Dhanteras
On Dhanteras, people clean and decorate their homes, light diyas (oil lamps), and perform puja (prayer rituals) to seek blessings for wealth and prosperity. Many also exchange gifts and sweets with family and friends to celebrate the festive occasion. The day is considered very auspicious for new beginnings, making it a popular time for starting new ventures or making significant purchases like gold.
Additional Insight: Growing Trend of Gold Investments on Dhanteras
In recent years, there has been a growing trend of using Dhanteras as an opportunity to make gold investments rather than just buying gold ornaments. Many people see gold as a stable investment that can provide long-term financial security. This trend reflects a shift towards financial planning and wealth management, leveraging the auspicious occasion of Dhanteras to secure one’s financial future.
