Akshaya Tritiya or Akha Teej is a very auspicious day. This is the day when every minute is auspicious and there is no need for mahurats for any form of work. This day is considered to be free of all malefic effects. Once in a year phenomenon of the sun and the moon being equally radiant happens on this holy day, hence it is astrologically the perfect time to start any new and meaningful endeavour.
Akshaya means never diminishing, hence all ventures started on this day continue to grow and bring prosperity. On this day, the benefits derived out of Japa, Yagya, Pitra-Tarpan and Dan do not diminish, and are said to remain with an individual forever. This day brings success and good luck in people's life. It is a ritual to purchase gold on this day as a mark of auspiciousness. It is believed that Gold brings prosperity and more wealth in the coming future. All valuables purchased on this day bring success or good fortune. It is believed that charity done on this day produces great returns and multiplies many times over.