Duration = 6 Hours 39 Mins
Auspicious time to buy Gold
Tritiya Tithi Begins = 17:51 on 8/May/2016
Tritiya Tithi Ends = 14:52 on 9/May/2016
Akshaya Tritiya 2016 or Akha Teej 2016 is a highly auspicious and holy day which falls on the 3rd day after Shukla Paksha Tritiya (Amavasya or waxing phase of moon) in the Hindu month of Vaishakha. Akshaya Tritiya 2016 date is May 9. As per as traditional Hindu astrology and almanac, each second on the Akshaya Tritiya day is auspicious. It is said that there is no need to look for a ‘muhurat’ on the day. The word Akshaya means ‘that which never diminishes’ and the day is ideal for beginning new ventures as it is believed that all investments and purchasing on this day appreciate. Akshaya Tritiya falling on a Rohini Nakshatra so that this day is very important for doing any Japa, Dan-Punya(Charity), Yajna, Petra Tarpan. It is believed that to bring good luck and success of life.
On Akshaya Tritiya, most people purchase Gold on this day as it is believed that buying Gold on Akshaya Tritiya brings success, prosperity, and more wealth in coming future.
As per traditional Hindu Astrology, three lunar days, Yugadi, Akshaya Tritiya and Vijay Dashami don't need any Muhurta (Timing) to start or perform any important work as these 3 days are free from all malefic effects.
Another legend suggests that the Pandavas received the Akshaya Pathram (bowl) from Lord Krishna (in the Mahabharata) on this day.
In Hindu Methodology, it is believed that Sage Vyasa started the composition of Mahabharata on this day.
But nowadays, Akshaya Tritiya is considered as the gold purchase and most of the people wait this day to make investments in gold.