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| September 16, 2022

Auspicious Days to Buy Gold in 2022

Many people in India believe that buying gold or any other precious item on auspicious days brings prosperity and abundance into their homes. In fact, according to the Hindu scriptures, buying gold or starting something new on auspicious occasions proves to be very fruitful. That’s why many people buy gold articles like gold bars, gold coins, etc. on special occasions to enhance prosperity and blessings in their homes. Gold is not just a status symbol but also the safest investment option as well. Therefore, many people prefer to buy this precious metal on auspicious days. Read this blog to the end to know some of the most auspicious days to buy gold in 2022!

Navratri (From 26th September 2022 to 4th October 2022)

Navratri is a nine-day yearly celebration celebrated across India with greater enthusiasm and excitement. The festival commemorates Goddess Durga's victory over the evil monster Mahishasura. Navratri's nine days represent new beginnings and wealth. It's a very grand and auspicious occasion for the people of West Bengal and Gujarat. However, people across India celebrate Navratri for full nine days. People fast to commemorate the victory of good over evil. They buy new things, particularly gold items, as a good luck symbol. It is believed to be a blessing from Goddess Durga. Gold prices tend to rise these days since most people buy wedding jewellery during Navratri.

Dusshera (5th October 2022)

Dussehra is a major Hindu festival that falls on the last or 10th day of Navratri. It is a festival that honours the win of good over evil. On this day, Lord Rama killed Ravana, while Goddess Durga slew the evil king. People buy gold to commemorate their victory and welcome new beginnings. In 2022, all nine days of Navratri are auspicious for purchasing gold. However, some people make Dussehra a priority in order to buy gold as an investment. Gold prices may surge on these days due to high demand. At this time of year, jewellers release new wedding and festive designs. Some may even offer discounts on gold purchases.

Dhanteras (23rd October 2022)

Dhanteras is a Hindu festival that is usually celebrated every year two days before Diwali. Diwali is a celebration honouring Goddess Lakshmi, the goddess of good health and prosperity. Dhanteras symbolises the start of the Diwali celebrations, thus many people tend to purchase new things around this time of the year. They also prefer gold purchases on Dhanteras in order to honour Goddess Lakshmi and welcome her to their houses. Every Hindu household purchases at least one new item as a tradition, while the majority of the people go for gold jewellery. People also buy 5 gram gold coin during Dussehra as it is much more affordable and fulfils the purpose. Due to these reasons, gold prices tend to spike on Dhanteras.

Balipratipada (26th October 2022)

The auspicious festival of Diwali ends with another auspicious festival, Balipratipada, also known as Bali Padyami or Bali Padva. It is generally celebrated on the fourth day of Diwali and is regarded as one of the most auspicious days to purchase gold in 2022. As the Diwali celebrations wind down, purchasing gold on Balipratipada holds extreme significance. People buy gold to bring riches and prosperity into their homes. On Balipratipada, customers can also benefit from seasonal discounts and offer on gold purchases. The gold purchased on this day signify growth and good fortune.

Although these days are considered auspicious for buying gold in the country according to Hindu scriptures and calendar, Indians often buy gold on various other occasions. Weddings and birthdays are some special occasions that people prefer to gift gold in order to wish the people prosperity and fortune. The price of gold in India rises during these seasons due to the increasing demand for the precious yellow metal. However, it is important to check gold hallmarking before buying gold items whether you are buying gold from jewellery shops or online to ensure the purity of gold.

Muthoot Gold Bullion Corporation, part of The Muthoot Group, offers gold coins with 24 kt purity and 999.9 fineness in different designs and weights. We also have gold ingots on offer which are a great option for corporate gifting. Visit Muthoot Gold Bullion's website to know more.

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