Popularly known as Dhantrayodashi, Dhanteras is the first day of the five-day Diwali celebrations. It is considered the wealth and prosperity day. The whole of India purchases gold and silver on the day in the belief that it will bring good fortune and progress in their financial lives.
Dhanteras 2024 Date and Shubh Muhurat
This year, Dhanteras will occur on Friday, November 1, 2024. In the Hindu calendar, it is the 13th lunar day of Krishna Paksha in Kartik. Shubh Muhurat is the most auspicious time for devotees to do puja and buy valuable things.
- Shubh Muhurat for Puja: 7:02 PM to 8:20 PM
- Best Time to Buy Gold: 6:00 AM – 9:00 AM and 1:30 PM – 4:30 PM
The entire day is believed to be an auspicious one to buy, but the particular Muhurat ensures maximum blessings under beliefs of astrology.
Why is Gold Purchased on Dhanteras?
Indian culture hails gold as an item symbolizing prosperity, riches, and security. In Indian culture, Dhanteras is considered as the day to purchase gold in order to get all that one needs for prosperous days in the future year. People invest in silver and coins and other expensive pieces. Business houses have booming sales since customers are easily investing in jewelry and gold bars.
Current Gold Prices and Market Trends
This leaves an important question on everyone’s mind, as people always look for fluctuation in the price of gold due to its volatile position around the world. The value of gold on Dhanteras is one important point for buyers, with gold prices being approximately these much today:
24K Gold: ₹6,150 per gram
22K Gold: ₹5,650 per gram
It is always better to visit local prices and discount offers because many jewelers give festive deals and promotion offers in Dhanteras. The year witnessed much gold price volatility in the light of unstable economies around the world. Therefore, Dhanteras is a good time for investors to stock their assets.
Other Customs and Celebrations
Apart from the purchase of gold, Dhanteras is the day on which most people clean and decorate their homes. People light diyas, pray to Lord Dhanvantari, the god of medicine, and Goddess Lakshmi, the goddess of wealth. People buy new utensils, vehicles, or electronics on this day because buying assets is considered auspicious.
Dhanteras 2024 would be a celebration of grandeur, shopping, and prosperity. Since gold rates are on everyone’s tongues and the Shubh Muhurat has begun, devotees will welcome good fortune and wealth. The day from buying ornaments to coins to utensils will help to invest and celebrate the spirit of good fortune and prosperity.
Wish you all a prosperous and happy Dhanteras!
