When is Akshaya Tritiya in 2023? Also known as Akti or Akha Teej, Akshaya Tritiya is an annual Hindu and Jain spring festival. It falls on the third of the bright half of Vaisakha month. Hindus and Jains observe it as an auspicious day, as it signifies the third day of unending prosperity. Buying gold on this day is a tradition, as worshipping Lord Kuber this day is believed to bring prosperity. Prices of gold and silver are trading near their record highs. Should you buy gold or silver? Find out all about it in this Business Today Visual Story.
Investors need to closely track the performance and expense ratios of the two schemes that are on offer from Edelweiss and Motilal Oswal as they are yet to complete one year.
You can invest in sovereign gold bonds during primary issuances by the RBI. The last such issue happened in March. Or, you can buy SGBs on the exchanges where they trade at a discount. But given the sharp rise in gold prices, Akshaya Tritiya 2023 is not the best time to invest in these bonds.