Why Dhanteras is Considered an Auspicious Day for Buying Gold and Silver

Dhanteras, also known as ‘Dhanatrayodashi’, marks the beginning of the five-day festival of Diwali, celebrated with great enthusiasm across India. Dhanteras is traditionally celebrated on the 13th day of Krishna Paksha in the lunar calendar of the Hindu month of Kartik and holds great significance, especially as it is associated with wealth, prosperity and good luck. On this day, it is considered very auspicious to buy gold, silver and other valuables, believing that it will bring prosperity and wealth in the coming year.

In 2024, Dhanteras will be celebrated on October 29 and Puja Muhurat will be celebrated from 06:31 to 08:13 pm.

Read | Diwali Dates 2024: When is Deepavali? Everything you need to know about the 5-day festival of lights

Why do we buy gold and silver in Dhanteras?

Gold and silver have always held a special place in Indian culture and Hinduism, symbolizing wealth, purity and power. The tradition of purchasing these precious metals in Dhanteras is rooted in the symbolic meaning they hold:

1. Gold as a symbol of purity and prosperity

In Hindu culture, gold is not only a symbol of wealth but also a symbol of purity. It is associated with Lakshmi, the goddess of wealth and prosperity who is worshiped during Diwali. It is believed that gold attracts the blessings of Goddess Lakshmi, who brings wealth and happiness to her devotees. Therefore, buying gold in Dhanteras is an act of inviting prosperity and good luck into your life.

2. Silver is a sign of strength and stability

Silver, on the other hand, is a symbol of strength and stability. It is also associated with the moon god Chandra and is believed to bring mental peace, emotional balance and physical health. Silver’s cooling and balancing properties, as well as its association with divine power, make it a popular choice for Dhanteras. Purchasing silver products is also considered a means to ward off negative energy and ensure emotional well-being.

The meaning of Dhanteras focuses on the themes of prosperity and abundance. The day also commemorates the birth of Dhanvantari, the god of health and happiness, who appears with Amrit (the nectar of immortality), symbolizing health and longevity.

Gold has huge cultural and economic importance in Indian society, representing wealth, purity and security. During Dhanteras, people traditionally buy gold jewelry or coins as an investment and a source of good luck. Buying gold on this day has profound significance for the following reasons:

  • Invoke the blessings of Goddess Lakshmi: Dhanteras are believed to mark the emergence of Goddess Lakshmi, the God of wealth and prosperity, from the ocean during the legendary churning of the Milk Sea (Samudra Manthan). Bringing gold into the home on the day of Dhanteras is seen as a way of inviting Lakshmi’s blessings and bringing prosperity and harmony to the family.
  • Safe Financial Investment: Gold is considered a reliable and long-lasting investment. Its value tends to appreciate over time, making it a valuable asset for wealth creation. By purchasing gold in Dhanteras, individuals aim to make prudent financial decisions that will generate long-term benefits through the potential appreciation of gold value.

Dhanteras have immense cultural, religious and economic significance. From the ancient legends surrounding the gods of health and wealth to the timeless symbols of gold and silver, this day encourages people to invest in precious metals as a means to attract prosperity and secure their future.