In India, buying gold and ornaments on Dhanteras is considered lucky and a sign of prosperity. Dhanteras marks the start of the 5-day Diwali festival, which begins on October 29, 2024. The first day, known as Dhanteras or Dhantrayodashi, involves worshipping Lord Kuber and Lord Dhanvantri while purchasing gold, silver, and other items for good fortune.
The best time for Dhanteras puja in 2024 is from 06:57 PM to 08:21 PM on October 29, 2024. The Pradosh Kaal, an auspicious time, is from 05:55 PM to 08:21 PM, while the Vrishabha Kaal runs from 06:57 PM to 09:00 PM. The Trayodashi Tithi starts at 10:31 AM on October 29 and ends at 01:15 PM on October 30.
The best time to purchase gold on Dhanteras is during the evening of Pradosh Kaal. Here are the ideal times in major cities:
For the latest gold rate today and silver price today, it’s recommended to check reliable financial sources.
In Dhanteras, people often buy copper, brass, and silver utensils filled with food or water before entering the home. Idols of Lakshmi and Ganesh, made from clay or metal, are also considered good purchases. During this time, many also shop for electronics like cars, phones, laptops, microwaves, and refrigerators. However, gold is the most valued item for its lasting value and shine. New gold purchases are included in the Diwali Lakshmi Puja.
Popular choices include gold coins, often featuring Goddess Lakshmi or sacred symbols, as well as jewellery. Silver items like coins, Kalash, bowls, tumblers, and small statues of Lakshmi and Ganesha are also recommended. Make sure to check gold and silver prices before buying. New utensils made of stainless steel, brass, or copper are also bought as symbols of prosperity.
As the festive season approaches, many Indian households look to buy gold. However, buying physical gold comes with challenges such as storage, safety, and potential loss during manufacturing or melting, especially with gold jewellery. Additionally, RBI gold bonds are available only at specific times through banks.
To avoid these issues, you can consider buying Digital Gold from MMTC-PAMP. This option allows you to purchase digital gold and sell it back to MMTC if it meets certain criteria. You can also buy digital gold from various jewellery showrooms.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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