It is believed that if someone buys gold on Akshaya Tritiya, his prosperity increases. (Representational image)
Akshaya Tritiya: On Akha Teej, you can buy gold in different mediums.
Akshaya Tritiya, also known as Akha Teej, is considered one of the most auspicious occasions by Hindus. People believe that buying gold or starting new ventures on this day will bring them good luck. Akshay in Sanskrit means “never diminishing” and Tritiya refers to the date on which Akha Teej is celebrated. It is believed that if someone buys gold on Akshaya Tritiya, his prosperity increases. If you are planning to celebrate Akshaya Tritiya by buying gold, then you should know a few things.
Akshaya Tritiya 2023 Date:
Akshaya Tritiya will be celebrated on 22 April this year.
Akshaya Tritiya 2023 Shubh Muhurat:
According to Drik Panchang, Tritiya Tithi will start from 7.49 am on April 22 and end at 7.47 am on April 23.
Different Modes of Buying Gold:
You can buy gold in different mediums on Akha Teej. Some of them are as follows:
physical gold: You can buy gold coins, jewelery or ingots on this occasion. There is a possibility of adulteration in these items. You need to ensure that you buy hallmarked gold only from a trusted source.
Gold Mutual Fund: Gold MF is a new way of investment. These mutual funds invest their money in firms that are involved in gold mining or related activities. The performance of Gold MF is linked to the companies. You can buy gold mutual funds after creating a demat account. Investment can be done online.
digital goldGold: It allows investors to invest their money in small amounts of gold through a website or a mobile app. The value of digital gold is linked to the market price of the precious metal. Several companies offer this product. The gold purchased is kept in a secure vault.
sovereign gold bond: Sovereign Gold Bond (SGB) is a safe way to invest in gold. The government-backed scheme issues bonds to investors for a fixed tenure (eight years). Premature withdrawal option after completion of 5 years. The bonds pay an interest of 2.5 per cent annually.
gold etfExchange-traded funds (ETFs) provide a convenient way of investing in physical gold. ETFs are basically mutual funds that invest their money in physical gold. The value of the funds is influenced by the market price of gold. Gold ETF can be bought through demat account.
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