Akshaya Tritiya is a highly regarded Hindu festival. It brings good luck and success and is considered an auspicious day to buy precious metals, especially GOLD. This is an ancient Indian tradition and is celebrated with great enthusiasm.
This year, the day falls on May 14, 2021.
According to the Hindu calendar, Akshaya Tritiya falls during Shukla Paksha Tritiya in the month of Vaishakha.
The word ‘Akshaya’ stands for ‘eternal’, the never diminishing sense of joy and success. ‘Tritiya’ stands for ‘Third Lunar Day’. Both are Sanskrit words. Hence, it is believed that anything that we do on Akshaya Tritiya grows with time and remains with us forever.
To celebrate this auspicious day, people buy GOLD and SILVER to foster prosperity in their lives.
Akshaya Tritiya 2021: Date & Time
- Akshaya Tritiya is on Friday, May 14
- The Tritiya Tithi begins at 5:38 AM on May 14 and ends at 7:59 AM on May 15
Analyst at Motilal Oswal Sees Gold Rising
An analyst at Motilal Oswal believes that buying gold on Akshaya Tritiya may help grow your wealth faster as the yellow metal is all set to climb its all-time high.
According to analysts, jitters caused by rising bond yields and coronavirus uncertainties have the potential to push GOLD Prices to peak levels.
In the international markets, GOLD prices have consolidated over the course of recent months and are generating momentum to come back around $1,800 level on the COMEX. There is comfort in buying GOLD from a short to medium-term perspective to target new highs of $2,050-$2,200 levels.
How to Buy Gold?
Due to COVID-19 restrictions, most jewellery shops are now closed, restricting us from buying physical GOLD. Hence, buying Digital GOLD has gained a lot of popularity lately. And, it’s easiest with OroPocket App.
OroPocket offers you an entirely new way of investing in GOLD with as low as 1 Cent.
Using OroPocket mobile app, you can buy and sell GOLD within seconds from the safety of your home.
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