Akshaya Tritiya is considered one of the most auspicious days in Hinduism. On this day, you can do any auspicious work throughout the day without seeing any Muhurta. According to Hinduism, buying gold on this day is considered very auspicious. Buying gold on this day brings happiness, prosperity and wealth in your house. This time Akshaya Tritiya is on 30 April 2025. But do you know why sleep becomes expensive on the day of Akshaya Tritiya? Let us give you 6 reasons behind it.
Why is gold bought on Akshaya Tritiya?
Buying gold and jewelery on the day of Akshaya Tritiya is considered very auspicious in Hindu culture. Any new investment or purchase made on this day will give positive results. The demand for gold on Akshaya Tritiya increases, which increases its price. Which increases both demand and price. In 2024 last year, the price of 24 carat gold on Akshaya Tritiya was around Rs 71,500 per 10 grams.
Better investment option
Gold is considered a safe investment and people start their investment by buying gold on this day. There are many advantages to invest in gold, such as it protects from inflation, brings diversity to the investment portfolio and is considered a safe investment in the time of economic uncertainty. It can be easily purchased and sold. There are many ways to invest in gold, such as jewelery, coins, bars, gold ETFs, gold funds and sovereign gold bonds.
Increase in demand on the day of Akshaya Tritiya
The demand for the purchase of gold, silver and other auspicious items on Akshaya Tritiya increases, as it is considered an important day for auspicious and auspicious works, which is expected to bring prosperity and good fortune. There is a tradition of buying gold on Akshaya Tritiya. The price of gold on Akshaya Tritiya increases as the demand for gold increases during this period, especially on weddings and other auspicious occasions. Gold jewelery in weddings is very high, which leads to a rise in prices. Some people also see gold as a safe investment, so the demand for gold increases during economic uncertainty.
Has considered physical property
Gold is considered a physical asset because it is a tangible, real thing that you can see, touch and store, which distinguishes it from paper assets and provides a sense of security. There is a solid metal contrast to paper assets such as gold stock or bonds.
You can also invest in these ways
There are many ways to invest in gold, such as jewelery, coins, bars, gold ETFs, gold funds and sovereign gold bonds. You can also invest in Gold ETF. This is a great option for investors. It is stored in digital form in a demat account.
There will be a lot of ups and downs in the price of gold from 2014 to 2024
Since 2014, there has been a huge ups and downs in the price of gold every year. Gold prices fell by 12 percent between Akshaya Tritiya of 2014 and Akshaya Tritiya of 2015. But in 2017, the price of gold once again decreased by 3.23 percent. Meanwhile, gold gave a return of up to 32 per cent in 2020. Whereas, between 2023-24, gold has once again given a return of up to 16 per cent.
