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Factbox - Auspicious days to buy gold in 2014 in India

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Reuters
Last Updated : Feb 18 2014 | 4:30 PM IST

REUTERS - The following are some of the days considered auspicious according to the Hindu calendar for gold purchases in India:

March 31 - Gudi Padwa, Maharashtrian new year

April 9 - Pushyanakshatra, launching new ventures

May 2 - Akshaya Tritiya, Gold invokes prosperity

June 2 - Pushyanakshatra, launching new ventures

July 27 - Pushyanakshatra, launching new ventures

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August 23 - Pushyanakshatra, launching new ventures

September 19 - Pushyanakshatra, launching new ventures

October 16 - Gurupushyamrit, launching new ventures

October 21 - Dhanetras, Gold invokes prosperity

October 23 - Laxmi Pujan, worshipping goddess of wealth

October 24 - Diwali

October 25 - Bhaubij Festival

November 13 - Gurupushyamrit, launching new ventures

December 10 - Pushyanakshatra, launching new ventures

The biggest gold buying festivals are Akshaya Tritiya and Dhanteras.

An inauspicious phase -- Shradh -- a period for paying homage to ancestors, is from September 9 to September 24.

The Hindu calendar has regional variations, but the above dates are broadly followed across the country in gold trade for planning inventories.

(Reporting by Siddesh Mayenkar in Mumbai)

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First Published: Feb 18 2014 | 4:11 PM IST

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