New Delhi: Akshaya Tritiya is considered to be an auspicious occasion by Hindus. Also known as Akha Teej, Akshaya Tritiya is observed during Shukla Paksha Tritiya in the month of Vaishakha of the Hindu calendar.
Akshaya Tritiya 2020 will be celebrated on 26 April.
People often buy gold on this day in the hope that it will bring good luck.
According to Hindu mythology, the day is also celebrated as the birth anniversary of Parashuram, an avatar of Lord Vishnu. The day of his birth also marked the beginning of Treta Yuga.
The word Akshaya means something that never diminishes. This is the reason why people buy gold on this day, believing it will never diminish and help them prosper.
Various other events like marriage and holy thread ceremony take place on Akshaya Tritiya.