Akshaya Tritiya, or Akha Teej, is a highly auspicious day which falls on the third day after Amavasi (no moon) in the Hindu month of Vaishakha.
As per Hindu astrology and almanac, each second on the Akshaya Trithiya 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 on this day appreciates.In a traditional Hindu lunar calendar, Akshay Tritiya is observed on the third day of Shukla Paksha (waxing phase of moon) in Vaishakh Month.
It is believed that the sun and the moon are most radiant and best placed on the day. Therefore it is one of the most popular dates in Hindu calendar for marriages, for beginning new ventures, for investing and for purchasing valuables like gold and diamond.
Parashuram Jayanti is also observed on Akshaya Tritiya day. There are numerous legends associated with Akshaya Tritiya; most popular is that of Sudama or Kuchela visiting Lord Krishna in Dwarka with a handful of beaten rice (poha or aval).
Another legend suggests that the Pandavas received the Akshaya Pathram (bowl) from Lord Krishna (in the Mahabharata) on this day.
It is also believed that Sage Vyasa began the composition of Mahabharata on the day.
Lord Vishnu and his incarnations are worshipped on the day. People also conduct Lakshmi puja on Akshaya Tritiya.
But nowadays, Akshaya Trithiya is associated with gold purchase and many people wait for the day to make investments in gold.