Buying Gold on Akshaya Tritiya? Here’s What You Should Know

Akshaya Tritiya is one of the most auspicious days in India for buying gold. On this day, people believe that purchasing gold brings good luck and prosperity. As of today, the gold prices are as follows:

24 Carat (24K) gold: ₹9,546 per gram

22 Carat (Gold 916) gold: ₹8,751 per gram or ₹87,510 for 10 grams

18 Carat (Gold 750) gold: ₹7,160 per gram or ₹71,600 for 10 grams
Many people believe that purchasing gold on this day brings prosperity and good luck. If you’re planning to buy gold this Akshaya Tritiya, here’s a simple 9-point guide to help you make the right choice.

1. Understand the Significance of Akshaya Tritiya

Akshaya Tritiya is an auspicious day for Hindus. It’s believed that buying gold on this day ensures long-lasting wealth. Many people buy gold as an investment or as part of their family traditions.

2. Decide the Type of Gold to Buy

Gold comes in different forms: coins, bars, and jewelry. Choose the form that fits your needs—whether it’s for investment or personal use.

3. Check the Gold Purity

Gold is measured in carats, with 24K being the purest form. For investment purposes, 22K or 24K gold is ideal. Always check the hallmark or certification to confirm purity.

4. Set Your Budget

Gold prices fluctuate, so it’s important to set a budget. This helps you choose the right amount of gold without exceeding your limits.

5. Compare Gold Prices

Before making your purchase, compare gold prices from different sellers. This will help you get the best deal and avoid overpaying.

6. Avoid High Making Charges

When buying gold jewelry, check the making charges. Sometimes, high making charges can make the gold more expensive. Look for sellers with reasonable charges.

7. Choose Reputed Jewelers

Make sure you buy gold from trusted jewelers. Check their reviews and ask about their certification for authenticity.

8. Take Advantage of Discounts and Offers

Many jewelers offer special discounts or offers during Akshaya Tritiya. Be on the lookout for deals that can help you save money.

9. Consider Gold as an Investment

Gold is not only a valuable asset but also a safe investment. If you’re buying gold for long-term savings, consider keeping it in a safe place like a bank locker.

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FAQs

Q1. What is Akshaya Tritiya and why is it good for buying gold?
A1. Akshaya Tritiya is considered an auspicious day in Hindu culture, believed to bring prosperity. It’s a popular day to buy gold for good luck and investment.

Q2. What types of gold can I buy on Akshaya Tritiya?
A2. You can buy gold in the form of coins, bars, or jewelry, depending on your preference and purpose.

Q3. How do I know if the gold is pure?
A3. Look for a hallmark or certification that confirms the gold’s purity, such as 22K or 24K.

Q4. Should I buy gold jewelry or gold coins for investment?
A4. For investment, it’s better to buy gold coins or bars with high purity (22K or 24K), as they are more liquid and easier to sell in the future.