Why Dhanteras is Considered an Auspicious Day for Buying Gold and Silver

Explore the roots of Dhanteras and the auspicious symbolism of gold and silver. Find out how this day combines tradition, prosperity, and long-term financial wisdom.

Oct 29, 2024, 11:43 IST
Why Do We Buy Gold and Silver on Dhanteras
Why Do We Buy Gold and Silver on Dhanteras

Dhanteras, also known as "Dhanatrayodashi," marks the beginning of the five-day Diwali festival and is celebrated with immense enthusiasm across India. Traditionally observed on the 13th lunar day of Krishna Paksha in the Hindu month of Kartik, Dhanteras holds significant importance, especially for its association with wealth, prosperity, and good fortune. On this day, people consider it highly auspicious to buy gold, silver, and other valuables, believing that it will bring prosperity and safeguard their wealth in the coming year. 

In 2024, Dhanteras will be celebrated on 29th October, and the Puja Muhurat will be observed from 06:31 PM to 08:13 PM. 

READ| Diwali 2024 Date: When is Deepawali? All You Need to Know About the 5 Days Festival of Lights

Why do We Buy Gold and Silver on Dhanteras?

Gold and silver have always held a special place in Indian culture and Hinduism, symbolizing wealth, purity, and power. The tradition of buying these precious metals on Dhanteras is rooted in the symbolism they hold:

1. Gold as a Symbol of Purity and Prosperity

In Hindu culture, gold is not only a sign of wealth but also a symbol of purity. It is associated with Lakshmi, the goddess of wealth and prosperity, who is worshipped during Diwali. Gold is believed to attract the blessings of Goddess Lakshmi, who bestows wealth and happiness upon her devotees. Thus, buying gold on Dhanteras is an act of inviting prosperity and good fortune into one’s life.

READ| The Story of Lord Dhanvantari and its Connection to Dhanteras

2. Silver as a Sign of Strength and Stability

Silver, on the other hand, is a symbol of strength and stability. It is also associated with Chandra, the moon god, and is believed to offer mental peace, emotional balance, and good health. The cooling and balancing qualities of silver, along with its association with divine power, make it a popular choice for Dhanteras. Buying silver items is also considered a means of warding off negative energies and ensuring emotional well-being.

The significance of Dhanteras centres on the theme of prosperity and abundance. This day also honours the birth of Lord Dhanvantari, the deity of health and well-being, who emerged with the Amrit (nectar of immortality) and symbolises wellness and longevity.

READ| The Role of Dhanteras in Promoting Wealth and Well-Being in Society 

Gold carries immense cultural and economic importance in Indian society, representing wealth, purity, and security. During Dhanteras, people traditionally buy gold jewellery or coins, viewing them as both an investment and a source of good fortune. Purchasing gold on this day carries profound meaning for several reasons:

  • Invoking Goddess Lakshmi's Blessings: Dhanteras is believed to mark the emergence of Goddess Lakshmi, the deity of wealth and prosperity, from the ocean during the legendary churning of the milky sea (Samudra Manthan). Bringing gold into the home on Dhanteras is seen as a way to invite Lakshmi’s blessings, attracting prosperity and harmony to the household.
  • A Secure Financial Investment: Gold is considered a reliable and enduring investment. Its value tends to appreciate over time, making it a prized asset for wealth generation. By purchasing gold on Dhanteras, individuals aim to make prudent financial decisions that can yield long-term benefits through the potential appreciation of gold’s value.

Dhanteras holds immense cultural, religious, and financial significance. From the ancient legends surrounding the god of health and wealth to the timeless symbolism of gold and silver, this day encourages people to invest in precious metals as a means of attracting prosperity and safeguarding their future. 

Nikhil Batra
Nikhil Batra

Content Writer

Nikhil comes from a commerce background, but his love for writing led him on a different path. With more than two years of experience as a content writer, he aspires to breathe life into words. He completed his B.Com. from DU and finds joy in traveling and exploring new and hidden places. Do drop your feedback for him at nikhil.batra@jagrannewmedia.com and let him know if you love his work

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