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Happy Dhanteras: The story behind the ‘gold festival’ of India

The air is filled with celebratory mood of Diwali, the markets are full with people queuing to buy gold and new utensils on a special day called ‘Dhanteras’. But do you why do we buy new stuff on this day? Wait. We tell you the legend behind it and also why buying gold is considered auspicious this day.
Dhanteras happens to fall on the first day of the five-day long Diwali festivity. Interestingly, the festival also goes by the name ‘Dhanatrayodashi’ or ‘Dhanvantari Trayodashi’. The word ‘Dhan’ means wealth and ‘Trayodashi’ means 13th day as per Hindu calendar. Dhanteras ususally falls on a day or two before Lakshmi Puja during Diwali.

It is largely believed that on Dhanteras goddess Lakshmi visits the homes of her devotees and fulfills their wishes. It holds special significance for the business community due to the customary purchases of precious metals on this day. Also, Lord Kubera, the God of assets and wealth is also worshipped on this day.

In India it is believed that if you buy gold, silver or new utensils on Dhanteras then it brings good luck to the family. Also, it is a customary practice to buy new clothes for the festivity where people like to dress up in their ethnic best and get ready to worship Maa Lakshmi. ‘Lakshmi Puja’ is performed in the evenings when Diyas of clay are lit to drive away the shadows of evil spirits. The entire night is filled with singing devotional bhajans in praise of the Goddess Lakshmi.


The legend has it that once a 16-year-old son of King Hima was in trouble as his horoscope predicted death by a snake-bite on the fourth day of his marriage. Therefore, on the very day his newly-wed wife did not allow him to sleep. She laid out all her ornaments and lots of gold and silver coins in a heap at the entrance of the sleeping chamber and lit lamps all over the place.

She then started narrating him stories and sang songs to keep her husband awake. The next day, when Yama, the god of Death, arrived at the prince’s doorstep in the guise of a serpent, his eyes were blinded by the brilliance of the lamps and the jewellery. Yama could not enter the Prince’s chamber, so he climbed on top of the heap of gold coins and sat there the entire night listening to the stories and songs.

However, in the morning, he silently went away. Thus, the young prince was saved from the clutches of death by the cleverness of his new bride, and the day came to be celebrated as Dhanteras.
The following day came to be called Naraka Chaturdashi. Since this is the night before Diwali, it is also called ‘Chhoti Diwali’. There is another legend which goes back in time when gods and devils churned the ocean for ‘Amrit’ (during Amrit Manthan), at that time Dhanvantari (Gods’ physician – emerged out of it carrying a jar of elixir on the auspicious day).

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