Dhanteras marks the beginning of the festival of Diwali in India, which is celebrated in India with great enthusiasm and devotion. In 2024, Dhanteras is on October 29, and it is also considered an important day for shopping for gold, silver, and other auspicious items symbolizing prosperity and good luck. Therefore, we will tell you some important information related to this special day.
Importance of Dhanteras
On this day, devotees worship Lord Kubera, the god of wealth, and Lord Dhanvantri, the god of medicine. Buying precious metals like gold and silver on Dhanteras is a long-standing tradition, which attracts wealth and happiness. Dhanteras, also known as Dhanatrayodashi, marks the beginning of the five-day celebration leading up to Diwali.
Dhanteras Muhurat 2024
If you are also planning to shop on Dhanteras, then you need to know about the auspicious time. The auspicious time for Dhanteras Puja in 2024 is from 6:57 pm to 8:21 pm. This time falls under Pradosh Kaal, which lasts from 5:55 pm to 8:21 pm, making it a good time to buy gold and silver.
Specific Muhurat Timing for Major Cities of Bharat
Here are the recommended timings to buy gold and silver in various cities across India:
- Mumbai: 7:04 PM to 8:37 PM
- Delhi: 6:31 PM to 8:13 PM
- Chennai: 6:44 PM to 8:11 PM
- Bengaluru: 6:55 PM to 8:22 PM
- Kolkata: 5:57 PM to 7:33 PM
- Hyderabad: 6:45 PM to 8:15 PM
You must check your local time as it may vary slightly depending on geographical location.
Items to buy on Dhanteras
While gold and silver are the primary purchases, Dhanteras is also a time to buy other items. Many people buy new utensils made of stainless steel, brass or copper, as these symbolise abundance.
Idols of Goddess Lakshmi and Lord Ganesha made of clay or metal are considered auspicious in homes at this time. Investing in electronics and other valuables is also common, as many believe that purchases made on Dhanteras bring prosperity. However, gold remains the most loved and sought-after investment.
Smarter Ways to Invest in Gold and Silver
With gold currently priced at around ₹78,245 per 10 grams, it is wise to consider various buying options. Traditional gold coins remain popular, but investing through banks is a convenient way. Major banks such as SBI, HDFC, and ICICI offer gold coins in various denominations, ensuring 24K purity.
However, potential buyers should be aware of the high premium charged by banks, which can be up to 10% over market rates. For those looking for alternatives, options such as gold ETFs, digital gold and sovereign gold bonds offer flexible and secure investment avenues without the complexities of physical storage.
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