India’s obsession with gold is well documented. People from all walks of life actively indulge in buying gold jewelleries and other products as a form of investment as well as for offsetting the effects of inflation in the long run. In fact, almost 2/3rd of overall demand for gold is from the rural populace for whom the regular banking modes are unavailable.
With buying gold being one of the to-do things every year, the Indian calendar does its part by notifying occasions and days that are considered to be auspicious for purchasing gold. The religious calendar has been a mainstay for Indian families looking to shower in prosperity through purchases of gold on auspicious days.
Given here is a List of the Dates in 2016 that will be the Best Times to Buy Gold Products
These dates are auspicious and tend to uplift gold demand around those times. The dates are listed in chronological order.
Makar Sankranti is celebrated around the country with enthusiasm. This festival is also considered to be an auspicious time to buy gold and related products.
Makar Sankranti will be celebrated on:
- 15th January
Pushyami is considered to be an auspicious time to make investments or start new ventures and as such is a great time to buy gold. These occasions are considered to be filled with happiness and helps in providing success in endeavours. Pushyami is spread throughout the year, allowing people to make auspicious beginnings in every month of the year. In 2016, Pushyami will fall on the following dates:
- 24th January
Some Additional Dates for Pushyami:
|20th February||2nd August|
|19th March||30th August|
|15th April||26th September|
|12th May||23rd October|
|9th June||19th November|
|6th July||17th December|
This is the Hindu New Year celebrated as per the Hindu religious calendar. This day is considered to be a great time to buy gold. Gold sales throughout the country around this time tends to pick up. In 2016, Ugadi will be celebrated on:
- 8th April
Akshaya Tritiya is the festival when gold sales tend to trump even those during the much coveted Dhanteras during Diwali. Akshaya Tritiya is celebrated as it is believed that Lord Parshuram was born on this day. Not only Hindus, even Jains are active participants during this festival. The festival also celebrates Goddess Lakshmi, who handles wealth on behalf of Hindus. Akshaya Tritiya in 2016 will be celebrated on:
- 9th May
Navratri is celebrated for the Goddess Durga. This 9-day festival is celebrated with pomp around the country and ends with Dussera. The festival is considered to be an auspicious time to buy gold and the 9-day period sees people thronging to jewellers and other retailers to purchase gold. Navratri in 2016 will be celebrated on the following dates:
- 1st to 9th October
Dussehra is celebrated for the victory of Goddess Durga and Lord Rama over Mahishasur and Ravana. This occasion is celebrated around the country and in 2016, it will fall on:
- 11th October
Dhanteras is arguably the most auspicious day to buy gold for Hindus. The occasion sees all the jewellers showcasing their best products and most stores are thronged with large numbers of customers. Dhanteras is celebrated across the country and includes large amounts of purchases of gold and silver jewelleries, coins etc. as well as investments in properties and other avenues.
In 2016, Dhanteras will be celebrated on:
- 28th October
Balipratipada is another occasion celebrated during Diwali, falling just after Dhanteras. The occasion is marked by exchanging of gifts, with gold being the preferred choice for majority of customers. In 2016, Balipratipada will be celebrated on:
- 31st October
Other than these dates, gold is also purchased in large quantities during the wedding seasons falling through the year. In fact, the period after Diwali usually sees a spurt in sales again as the wedding season approaches. People also prefer to buy gold when prices are low as gold is considered to be a safe long term investment.
Find Out Auspicious Days in 2016:
|Makar Sankranti||15th January|
|Ugadi/Gudi Padwa||29th March|
|Akshaya Tritiya||9th May|
|Navratri||1st to 9th October|
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