We ask Raj Rao, astrological expert from astrolife.com, (open in a new window) to suggest some of the most auspicious days in the coming year to buy the precious metal. We also asked Meghana Doshi of the jewellery chain, Tribhovandas Bhimji Zaveri, to suggest good buys.
The best day to buy gold
Would be on a Pushya Nakshatra day.
This is the day when the stars are aligned in a particular formation, called the Pushya constellation. "It is one of the most auspicious days on the Hindu calendar and occurs once every month. If you are looking to buy gold on a particular day, make sure you buy it on a Pushya Nakshatra day," says Raj.
"But," he adds, "every day has a rahu kalam, or an inauspicious time to buy gold. It is best to avoid buying gold at these times."
Here are the auspicious days this year. Alongside them are the inauspicious times as well, for your reference. (You are likely to see many weddings on these days.)
February 19: Tuesday, 3 pm - 4 pm
March 17: Monday, 7.30 am - 9 am
April 14: Monday, 7.30 am - 9 am
May 11: Sunday, 4.30 pm - 6 pm
June 7: Saturday, 9 am - 10.30 am
July 5: Saturday, 9 am - 10.30 am
August 1: Friday, 10.30 am - 12 pm
October 22: Monday, 7.30 am - 9 am
November 18: Tuesday, 3 pm - 4.30 pm
December 22: Monday, 7.30 am - 9 am
Offers: ICICI Bank plans to sell special gold coins imported from Switzerland on the Pushya Nakshatra days in Mumbai, Madhya Pradesh, Gujarat, Chattisgarh and some parts of Eastern India, you can buy them with a guarantee of purity.
You can take your pick from 5 gram, 8 gram, 20 gram and 50 gram coins.
Hottest buys: Meghana Desai says, "Pushya Nakshatra happens every month. Most people prefer buying gold coins on these days. A few buy gold rings or pendants. But gold coins are the hottest buy on this day."
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