Buying Gold on Makar Sankranti
Across the country, Makar Sankranti is the first Hindu holiday observed each year. Along with Lord Vishnu and Goddess Lakshmi, Hindus worship the Sun God. In many places, Makar Sankranti celebrations include kite flying, bonfires, and special prayers. Every year on 14th January, the celebration usually takes place. But it might also be observed on 15th January. At this harvest celebration, we express thanks to farmers and pray for an abundant yield of crops.
Meaning of Makar Sankranti
The term Makar Sankranti marks the beginning of the new era and is celebrated across India albeit some states have different names for the same festival. It marks the onset of the new harvest season and is celebrated with the purchase of new items of clothing and more so with the purchase of jewellery. Jewellery in India, especially gold has always been auspicious and gold has always been considered auspicious and as a sign of prosperity. Gold is deeply entwined in the religious and cultural roots of India and has a special place during religious celebrations and wedding ceremonies.
Different states have different names for Makar Sankranti, including:
- Poush Sankranti in West Bengal
- Uttarayani in Uttarakhand
- Sankranti in Andhra Pradesh and Telangana
- Uttarain, Maghi Sangrand, or Uttarayana in Jammu
- Shishur Senkrath in Kashmir
- Dahi Chura in Bihar
- Pongal in Tamil Nadu
- Sakraat in Rajasthan
- Sakrat in Haryana
- Khichdi Sankranti in Uttar Pradesh
- Sukarat in Central India
- Uttarayan in Gujarat and Uttar Pradesh
- Maghi Saaji in Himachal Pradesh
- Ghughuti in Uttarakhand
- Makar Sankranti in Odisha, Karnataka, Maharashtra, and Goa.
Tradition of Buying Gold on Makar Sankranti
On this event, many Indians traditionally buy gold since it is believed to bring luck and prosperity. The following are some benefits of buying gold on Makar Sankranti:
- Discounts on Charges: Jewelry merchants provide enticing discounts on making charges, allowing you to save even more money on jewelry purchases
- Option for a profitable investment: One of the greatest investment choices is yellow metal. Despite short-term fluctuations in gold prices, it yields fantastic profits over the long term
- Best Gift Choice: During a wedding, childbirth, or other significant occasion, you can give gold in a variety of ways, including coins, jewelry, or coins. Giving someone gold as a gift enhances your relationship with them and shows how much they mean to you
- Brings Good fortune: According to several religious traditions, gold is a sign of wealth, good fortune, and auspiciousness. To entice the Hindu mythological goddesses of prosperity, Lakshmi and Kuber, to live in their homes, Indian households buy this priceless metal
- Symbol of Wealth: You may always turn gold into cash to cover unexpected expenses. It is also a safe asset that is simple to move and store
- Exclusive Gold Offers
Jewelers offered temporary sales and discounts on gold purchases during Makar Sankranti. Here are a few instances:
1. Free gold coins when you spend more than a specific amount on jewelry
2. If you are trading in your jewelry, there is no deduction from the price of the old gold
3. A specific percentage off the current gold rate
4. A specific sum of payback on any subsequent purchases.
FAQs on Buying Gold on Makar Sankranti
- Is it auspicious to buy gold on Makar Sankranti day?
Makar Sankranti is a good day to buy gold since it signals the start of the harvest season. This is said to attract wealth and good luck and to bring peace and joy into your life.
- When is the best time to purchase gold on Makar Sankranti?
At Makar Sankranti, you can determine the most auspicious hour, or Muhurat, to buy gold. According to tradition, this makes the metal more auspicious and brings wealth. In financial terms, you should buy gold when market prices are declining and essentially unchanged.
- Which Nakshatra is best for Makar Sankranti gold purchases?
Pushya Nakshatra is one of the 27 lunar mansions, or Nakshatras, according to Hindu astrology. As a result, it is seen as a favorable period to purchase gold and start new businesses.
- What is Makar Sankranti called in the state of Tamil Nadu?
Makar Sankranti is celebrated as Pongal in the state of Tamil Nadu.
- What are the best practices for Makar Sankranti gold purchases?
It is best to research gold prices from different sellers, compare festive offers, verify the purity of gold, and ensure that you purchase only certified gold products.
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