Dhanteras: An auspicious day to invest
About Dhanteras
With Dhanteras round the corner, prayers for wealth and well being reverberate across the country.
Dhanteras or Dhantrayodashi is observed two days before Diwali in parts of India. It is a part of Diwali celebrations and primarily celebrated in North India, Maharashtra, and Gujarat.
The day is dedicated to Dhanvantari, the physician of the gods. People hang up paper lanterns with festoons and sends out the message of the arrival of Diwali. Although Dhanteras is usually associated with material wealth, in fact, it is also about celebrations to develop spiritual wealth and family bonding.
It is believed that Goddess Lakshmi visits Dhanteras at her devotees’ house and fulfills their wishes. Also, Lord Dhan and wealth Kubera (Dhan-Kubera) is also worshiped on this day.
The word Dhan means wealth and Teras means 13th day as per the Hindu calendar. It is celebrated on the thirteenth lunar day of Krishna paksha (dark fortnight) in the Hindu calendar month of Ashwin.
Goddess Lakshmi is worshiped to provide prosperity and well being. Dhanteras holds special significance for the business community due to the customary purchases of precious metals, especially gold, on this day. It is considered auspicious to purchase immovable property on this day.
Golden day
Gold coins supreme in the mind of the investor on Dhanteras as gold coins and jewelry are the most coveted items to invest in on an auspicious day.
In the face of forever rising prices of gold, lightweight jewelry is in demand. People buy gold jewelry for the upcoming festive and wedding seasons, anticipating the future rise in price. The purchase of gold coins is growing rapidly in Indian cities this Diwali like previous occasions.
Things to buy beyond gold
Although buying of gold is usually related to festivals, people also invest in assets like home, land, cars, etc. Judging the pulse of buyers, everyone from retailers to jewelers and realtors to carmakers – comes up with special offers for the buyer.
You may have buying gold this Dhanteras in mind. But you can very well look beyond buying gold coins or ornaments and look for driving home your dream car or getting a dream home for yourself. Almost every major car manufacturer in India is offering benefits and discounts on a new vehicle this month and this may be the best time to buy a new vehicle.
The property market received a boost from the cash reserve ratio (CRR) cut by RBI recently. Developers are coming up with special offers and discounts as well as freebies this Diwali and it opens up the opportunity for you to buy your dream home that you have been putting off because of exorbitant house prices.
Complete list of things you should buy on ‘Dhantrayodashi’
- Broom
- Gomti Chakra
- Idols of Lakshmi-Ganesh
- Gold or Silver
- Utensils
- Vehicles (2 and 4 Wheelers)
- House
Date & Time to Buy Gold on Dhanteras as per Muhurat
Dhanteras 2020 Gold Buying Muhurat
The date of Dhanteras this year is 12 and 13 November. People are absolutely ready to buy gold and other things because it is considered auspicious. In fact, people save their money throughout the year to buy things on this auspicious occasion.
- Date: November !2 & 13 (Thursday & Friday). Some parts of India are celebrating it on the 12th and 13th of November.
- Auspicious timings to buy gold on Dhanteras – 06:42 am to 05:59 pm
- Duration – 11 hours 16 minutes
Choghadiya Timings Overlapping Dhantrayodashi:
- Morning Muhurat (Chara, Labha, Amrita) – 06:42 am to 10:45 am
- Afternoon Muhurat (Shubha) – 12:05 pm to 01:26 pm
- Evening Muhurat (Chara) – 04:08 pm to 05:28 pm
