Buying Gold on Akshaya Tritiya

Akshaya Tritiya, which is also known as Akha Teej, is a significant day for Hindus and is marked by practices such as meditation, acts of charity and spirituality. Purchasing gold, on Akshaya Tritiya is considered to bring prosperity and luck.

Here are some reasons why getting gold on Akshaya Tritiya is regarded as auspicious. The term Akshaya refers to something beyond decay, signifying the symbolic importance of the day. 

 

This day is associated with the birth of Lord Vishnu and the beginning of the Satya Yuga. A number of other crucial events from the Hindu and Jain mythological pantheon are believed to have taken place on this day.

 

 So, Indians opt for gold purchases on Akshaya Tritiya as a token of marking the beginning of a new and prosperous time in their lives.

Some of the current prevailing trends regarding gold purchases in this country include:

1. Online Gold Purchase

Before rapid digitisation, investing in gold was synonymous with purchasing bullion. However, with the changing dynamics of the present day and age, individuals have the option to buy this precious metal online.

 

This way, buyers can avoid hassles related to physical gold – especially concerns about a safe storage facility. When purchasing gold jewellery via traditional methods, prices can go upswing due to higher inventory carrying costs, holding costs, and other overheads. 

 

Hence, with purchase of gold online on Akshaya Tritiya, customers can save up a significant amount by investing in ornaments.

2. Nil Making Charges and Lowered Wastage Charges

During this festive season, a jeweller may provide an Akshaya Tritiya gold offer and waive off a significant percentage of the total making charges. Additionally, some jewellers have special schemes for their clients under which they are completely absolved of this fee. Others may even reduce wastage charges during the festive season to attract a larger portion of potential clients. 

3. Pledging Gold as Collateral for Credit Application

You can pledge this asset as collateral and opt for a secured line of credit. With no end-use restrictions, you can utilise the financial aid to meet any kind of personal or business requirements.

 

The leading financial institutions of India provide gold loans at a competitive LTV ratio and use state-of-the-art carat metres to determine the market value of the jewellery. 

 

As these valuables are provided with complimentary insurance and kept in high-security vaults, the risk factors are largely mitigated in this regard.

In addition to gold as an investment option, you can explore various gold loan offers on Bajaj Markets. Compare the interest rates and other loan terms that various lenders offer and choose the most suitable one.