Akshaya Tritiya, Akha Teej : Significance and Buying Guide April 15, 2017 – Posted in: Blog – Tags: #akshaya tritiya significance, #buy gold coin online
Akshaya Tritiya is considered to be an auspicious day for the Hindus as well as Jains. Falling in the Hindu month of Vaishakha, Akshaya Tritiya is also called Akha Teej in Gujarat and Rajasthan, and Akti in Chattisgarh.
But what do people do on Akshaya Tritiya? It is a day that’s believed to be great to start any new venture. According to the Hindu tradition, the rewards of any good deed performed on this day would continue to stay with you forever. Hindus across the world perform Japas, Yajnas and Dan-Punyas on this day.
That’s why it doesn’t come as a surprise that Hindus consider this the perfect day to buy gold or new property. Buying gold on Akshaya Tritiya brings good luck and prosperity. Luck favours everyone on this day as all malefic effects are believed to become powerless. No muhurtha is required to start something new on this day. This is a major significance of Akshaya Tritiya.
Here’s a little story from the epic, Mahabharata. On this day, Surya, the Sun God presented Yudhistra with a vessel which could provide never-ending supply of food. This vessel was called Akshaya Patra. The term, Akshaya means “never diminishing”. By the way, Akshaya Tritiya is also believed to be the day when Ved Vyas started writing this great scripture.
As we know that Akshaya Tritiya is one of the most auspicious days to buy gold, the gold sales peak during this time and close to 20 tonnes of gold are purchased on this day. Now, that’s huge! On this day, jewellery dealers across the country introduce various offers and discounts so that their customers could make the most from their purchases and also to attract more customers that’d help boost their sales.
In 2017, Akshaya Tritiya falls on Friday, 28th April. This post is a complete buying guide for this Akshaya Tritiya where we’ll talk about everything from why to buy gold, how to buy gold, and where to buy gold from! So, let’s get started…
Buying gold is undoubtedly the most popular trend of Akshaya Tritiya. Gold is a great investment option and it is an awesome source of money during an emergency, it has easy liquidity in any part of the world. Plus, you can always get your old gold remade to new jewellery. And when you can afford to buy this precious metal on a day such as Akshaya Tritiya, it’s truly a blessing!
Some people prefer to buy gold jewellery for weddings that happen to be planned around Akshaya Tritiya. That way, they could avail all the ongoing discounts and offers during this season. For those of you who don’t want to invest big in gold, buying a small gold coin would also suffice.
Also Read: http://www.augrav.com/blog/everything-you-need-to-know-about-kundan-jewellery
Things to check before buying gold
Whether you buy gold coins or gold jewellery, there are certain things that you should always keep in mind. Although, most of these are generic things, one tends to overlook them when shopping especially when the shops are crowded with buyers. Akshaya Tritiya is the day when most jewellery shops across the country are packed with buyers.
Purity – The Bureau of Indian Standards (BIS) is the government agency that checks, certifies and hallmarks gold jewellery. Look for the BIS hallmark in the jewellery you purchase along with the karat. The karat indicates the purity of metal – 24K being the purest of all having 100% gold content, 23K implying 95.8% purity (also denoted by 958) and 22K being 91.6% pure (916). It’s needless to say that the price of gold increases with its purity. You don’t want to be paying the price of 24K gold for jewellery which is 22K. That’s why a hallmark is so important.
Price – Before shopping for jewellery, whether on Akshaya Tritiya on any other day, always check the gold rates for the day. As you know, the rate of gold keeps fluctuating every day and it’s better to be well-informed before you walk in to the shop.
Making charges – The labour cost involved in making gold jewellery is often called the making charges. This component is variable and you could always negotiate on the making charges, especially when the design of the jewellery doesn’t justify the charges applied by the jeweller.
Buy-back offers – Never leave a gold shop without asking for the buy-back offers. It’s better to be 100% sure before making the purchase than to be disappointed later when you might want to re-sell the gold to the jeweler or buy something else in exchange for it.
Where can you buy gold coins from?
There are quite a few options for you as to where you can buy gold coins from, this Akshaya Tritiya. Here are some of them:
- Online shopping – Shopping online is definitely a trend these days. Especially when you could avoid the crowd, and select the designs and place your order online while sitting on your couch, who wouldn’t be tempted? Also, websites such as AuGrav present to you awesome choices of personalized gold coins, with a special discount of up to 5% on this Akshaya Tritiya.
- Local Dealers – This is one of the oldest ways of gold shopping, very much in practice even today.
- Banks – Yes, most banks in India including ICICI, HDFC, State Bank of India, etc. offer 24K gold coins for purchase. Existing customers might be surprised with lower rates and discounts. Therefore, it’s great to check the offers with your bank before deciding on your mode of purchase. Also, the purity of gold purchased from banks is often uncompromised!
- Post Office – Our older generation would not be surprised to see Post Offices featuring on this list. It’s actually quite an old way of buying gold. The post offices also provide special discounts on days such as Akshaya Tritiya. Like banks, the gold you get to purchase from the post offices is of the highest quality.
That brings us to the end of this post. We believe this would help you make informed purchasing decisions before you set out to buy gold this Akshaya Tritiya. Also, for those of you, who’d like to check out what other options of personalized and 3D jewellery we have at AuGrav, do visit our Gallery right here!
Happy Akshaya Tritiya!!