Auspicious Days to Buy Gold in 2016

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.

Auspicious day to buy Gold Makar SankrantiMakar Sankranti

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

Auspicious day to buy Gold PushyamiPushyami

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

Auspicious day to buy Gold UgadiUgadi/Gudi Padwa

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

Auspicious day to buy Gold Akshaya TritiyaAkshaya Tritiya

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

Auspicious day to buy Gold NavratriNavratri

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

Auspicious day to buy Gold DussehraDussehra

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

Auspicious day to buy Gold DhanterasDhanteras

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

Auspicious day to buy Gold BalipratipadaBalipratipada

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:

Festival Dates
Makar Sankranti 15th January
Pushyami
  1. 24th January
  2. 20th February
  3. 19th March
  4. 15th April
  5. 12th May
  6. 9th June
  7. 6th July
  8. 2nd August
  9. 30th August
  10. 26th September
  11. 23rd October
  12. 19th November
  13. 17th December
Ugadi/Gudi Padwa 29th March
Akshaya Tritiya 9th May
Navratri 1st to 9th October
Dussehra 11th October
Dhanteras 28th October
Ballipratipada 31st October

Read more on Gold

Gold Rate In Metro Cities
Gold Rate In Other Capitals
Gold Rate In Other Major Cities
Gold Rate In States
Bank Gold Schemes

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