FACTBOX - Days seen as auspicious for buying gold in India

MUMBAI Wed Jan 16, 2013 2:55am IST

Gold bars are displayed at a gold jewellery shop in Chandigarh May 8, 2012. REUTERS/Ajay Verma/Files

Gold bars are displayed at a gold jewellery shop in Chandigarh May 8, 2012.

Credit: Reuters/Ajay Verma/Files

Related Topics

Polluted waters of China

Polluted waters of China

Growing cities, overuse of fertilizers, and factory wastewater have degraded China's water supplies to the extent that half the nation's rivers and lakes are severely polluted.  Slideshow 

MUMBAI (Reuters) - Following are some of the days considered auspicious for gold purchases in 2013 according to the Hindu calendar in India, which is vying with China to be the world's top consumer of the precious metal.

Date Occasion Significance -

January 14 Makar Sankranti Harvest festival

January 27 Pushya Nakshatra Launching new ventures

February 13 Shree Ganesh Jayanti Festival

February 23 Pushya Nakshatra Launching new ventures

March 23 Pushya Nakshatra Launching new ventures

April 11 Gudi Padwa Maharashtrian new year

April 12 Pushya Nakshatra Launching new ventures

April 18 Gurupushyamrit Launching new ventures

May 13 Akshaya Tritiya Gold invokes prosperity

May 16 Gurupushyamrit Launching new ventures

June 12 Pushya Nakshatra Launching new ventures

July 10 Pushya Nakshatra Launching new ventures

July 22 Guru Poornima Festival

August 6 Pushya Nakshatra Launching new ventures

August 20 Raksha Bandhan Festival

September 2 Pushya Nakshatra Launching new ventures

October 13 Dussera Festival

October 27 Pushya Nakshatra Launching new ventures

November 1 Dhanteras Gold invokes prosperity

November 3 Laxmi Pujan Worshipping goddess of wealth

November 4 Diwali Festival of lights

November 5 Bahubij Festival

November 23 Pushya Nakshatra Launching new ventures

December 19 Gurupushyamrit Launching new ventures

====================================================================

The biggest gold buying festivals are Akshaya Tritiya and Dhanteras. An inauspicious phase -- Shradh -- a period for paying homage to ancestors, runs from September 20 till October 4.

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; Editing by Joseph Radford)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Top News

REUTERS SHOWCASE

Kerry's India Visit

Kerry's India Visit

Kerry presses India on WTO deal ahead of arrival  Full Article 

Big Infra Deal

Big Infra Deal

Piramal, Dutch APG tie up for $1 bln infra investment  Full Article 

E-Commerce

E-Commerce

Amazon says to invest $2 billion more in India   Full Article 

Lupin Results

Lupin Results

Q1 net profit up 56 percent on higher U.S. drug sales   Full Article 

L&T Slumps

L&T Slumps

L&T earnings raise 'multiple red flags' - Citi  Full Article 

Twitter Results

Twitter Results

Twitter assuages growth concerns for now as shares soar 35 percent  Full Article 

Auto Sector

Auto Sector

VW closes in on Toyota as global auto leader  Full Article 

Fed Meeting

Fed Meeting

Fed seen trimming bond buys, could offer vague rate clues  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage