Akshaya Tritiya is annual spring time festival of the Hindus and Jains. It falls on the third day of Shukla Paksha of Vaishakha month according to Hindu Calendar. It is observed regionally by Hindus and Jains in India and Nepal, as signifying the "third day of unending prosperity". Akshaya Tritiya is an auspicious day of the birthday of Lord Parasurama.
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Nowadays, this day is considered auspicious for starting new ventures. On the day of Akshaya Tritiya buying gold is considered auspicious.
