The day of Akshaya Tritiya is considered highly auspicious by Hindus in India. The word 'Akshaya' in Sanskrit means "imperishable" or "never diminishing", hence the day is believed to be the best time for the new beginnings. It is considered that the things possessed on this day remain forever, which is why people indulge in buying gold, jewelry, precious metals, land, house, and other valuable products.
In 2018, the auspicious day falls on 18th April.
The name Akshaya Tritiya signifies the planetary positions of Moon, Sun, and Jupiter, as on this day all three collectively come under Mrigshira Nakshatra. The auspiciousness of the day can be identified by the fact that Moon and Sun both glow at their brightest level. Different trends are practiced on this day across the country to bring good luck and prosperity. Markets are seen crowded on the occasion of Akshaya Tritiya as many people believe that buying Gold or other precious metals like diamond and platinum ushers good fortune for them.
Akshaya Tritiya is one of the most awaited festival all over India. People finalize deals for immobile properties on this day. Many people wait for this pious day to start their new business venture or for shifting to the new house or beginning the construction of new house. Also, the day is considered highly auspicious for weddings.
Akshaya Tritiya is commonly known as Akha Teej in Rajasthan. This day is considered one of the Shubh Mahurat in a year and many couples decide to tie knots on this special day. The largest number of weddings are performed on Akha Teej in different cities and villages of Rajasthan.