As Akshaya Tritiya, the auspicious Hindu festival, approaches on May 10, 2024, Indians are getting ready to indulge in their tradition of buying gold. The festival, which is dedicated to worshipping Goddess Lakshmi, is believed to bring endless prosperity through any investment made on this day. However, in modern times, buying gold on Akshaya Tritiya has also become a way to secure financial stability and hedge against inflation. With this in mind, jewellers are expecting a significant rise in the purchase of gold coins and jewellery, while others are benefiting from the tradition by investing in the precious metal. Follow NDTV for all the latest updates and coverage of Election 2024 and the ongoing celebrations of Akshaya Tritiya.
Akshaya Tritiya, a highly auspicious Hindu festival, is celebrated annually on the third day of the Shukla Paksha (waxing phase of the moon) in the month of Vaishakha. This year, it falls on May 10, 2024, bringing a wave of prosperity and new beginnings for devotees.
Akshaya Tritiya is believed to commemorate the birth of Lord Parasurama, the sixth avatar of Lord Vishnu, and marks the beginning of the Treta Yuga, one of the four epochs of Hindu mythology. According to legend, any auspicious task performed on this day brings endless prosperity and good fortune.
One of the most important customs associated with Akshaya Tritiya is the purchase of gold. It is believed that gold acquired on this day will never diminish in value and will bring wealth and prosperity to the owner. Hindus often purchase gold coins, jewelry, or even invest in gold schemes to take advantage of this auspicious occasion.
In modern times, the tradition of buying gold on Akshaya Tritiya has extended beyond its religious significance to become a way for Indians to secure financial stability. With its inherent value and resistance to inflation, gold is seen as a safe haven for investment.
The purchase of gold on Akshaya Tritiya has a significant impact on the Indian economy. Jewellers anticipate a surge in sales during this period, offering discounts and promotions to attract customers. The festival also provides a boost to the tourism industry as people travel to major gold markets like Mumbai and Chennai to make their purchases.
1. Why is gold considered auspicious on Akshaya Tritiya? Gold is a symbol of wealth and prosperity in Hindu culture. It is believed that acquiring gold on Akshaya Tritiya will bring endless abundance to the owner.
2. What are the other auspicious activities performed on Akshaya Tritiya? Apart from buying gold, people also engage in other rituals such as donating to charity, performing pujas, and reciting mantras.
3. When is the next Akshaya Tritiya? The next Akshaya Tritiya will be celebrated on May 10, 2024.
4. What is the significance of buying gold coins on Akshaya Tritiya? Gold coins are considered to be an auspicious investment and a way to preserve wealth. They are often purchased with the intention of being passed down through generations.
5. Is it necessary to buy physical gold on Akshaya Tritiya? While buying physical gold is a popular tradition, it is not mandatory. People can also invest in gold ETFs, gold bonds, or other gold-linked instruments to gain the benefits of this auspicious occasion.
The streets of Western Odisha are filled with cheer and excitement as people celebrate the much-awaited Nuakhai festival with great fervour. As per tradition, people offer the newly harvested rice to their deities and indulge in delicious delicacies with their loved ones. The festival also involves the exchange of greetings with friends and relatives, bringing a sense of togetherness and joy. People from all over the state have returned to their villages to be a part of this cultural and social extravaganza, making it a truly memorable experience.
Eight dogs in San Angelo, Texas face imminent euthanasia unless they are adopted by 4 p.m. on September 7th. The nonprofit organization Concho Valley PAWS is urgently seeking adoptive homes for these dogs, who will come with free spay/neuter, microchips, and vaccinations. Head to 3134 N. US Highway 67 to save a life.
Violence erupted in Manipur's Jiribam district as insurgents launched rocket attacks in Bishnupur and police forces retaliated by destroying militants' bunkers. One person was killed in their sleep and four others in a subsequent exchange of fire between warring communities. This recent violence adds to the ongoing unrest in the district, despite efforts by community representatives to restore peace in a meeting held earlier this week.
In the coastal city of Porto, Portugal, a recent form of worship is gaining popularity - Surf Church. Led by ordained Baptist pastor and avid surfer, Rev. Samuel Cianelli, this unconventional church combines the love for surfing with the love for Jesus. In a country where Catholicism was once dominant but now has seen a decline in religious affiliation among young people, Surf Church offers a unique way to spread the Gospel and connect with God through the peaceful moments while waiting for the perfect wave. With parishioners representing various nationalities, Surf Church has grown in just a few years and is making waves in the surfing community.
With Ganesh Chaturthi and various regional holidays in September, banks in India will be closed for 15 days this month. Check the state-wise holiday schedule to plan your visits accordingly. This Saturday, banks will be closed in Gujarat, Maharashtra, Karnataka, and more states while other states will operate as usual. Stay informed and avoid unnecessary visits by checking with your bank before heading to a branch.
Social activist and youth leader Azad Singh Rathore organized a felicitation ceremony on Friday to honor all the COVID-19 workers. The ceremony saw the Principal of a local Medical College, Dr. Rajendra Kumar Aseri, and PMO Dr. BL Mansuria honoring these frontline workers with certificates, memorials, and shawls. The event was organized in recognition of the hard work and dedication shown by these medical personnel during the ongoing pandemic. Additionally, Azad was also in the news for organizing a District level cricket competition named after former Deputy Chief Minister Sachin Pilot.
Krishna Prasad, a dedicated bank manager, has been creating beautiful Ganesha idols from mud for 35 years in the village of Kukke Subramanya in Karnataka. Despite his busy career, he has always made time to continue this tradition passed down by his ancestors. Now, with the Indian holiday of Ganesh Chaturthi quickly approaching, Prasad has returned to his hometown to complete his eco-friendly idols for the community.
The Down Syndrome Society of Wichita has launched a new program that aims to spread kindness through serving breakfast meals to the community. The program provides opportunities for adults with special needs to learn and apply real-time skills and potentially find employment. The executive director hopes the food truck will help create sustainable lives for those involved.
A man with disabilities has captured the hearts of netizens for his tireless service towards a Ganpati idol. In a heartwarming video that has gone viral, he can be seen using his hands to clean and enhance the idol, leaving his crutches behind and surrendering himself to Bappa. The video, shared on social media, has garnered immense praise and admiration for the man's unconditional love for the deity.
After the Delhi High Court's guidelines for public celebrations, the Greater Chennai City Police has granted permission for the installation of 1519 Vinayagar idols in public places. Organizers must adhere to strict conditions and follow guidelines from various authorities including the Madras High Court and the Tamil Nadu Pollution Control Board. The police will also monitor the installations and warn of legal action against any violations.