Its holy waters are considered of particular significance during Gangadashahara and the sacred thread festival Janai Purnima when thousands of pilgrims from Nepal and India visit the area Gosaikunda is believed to have formed from the digging of the land by the Trishul (holy Trident) of lord Shiva.

 The Gosaikunda area has been delineated as a religious site. Hindu mythology attributes Gosaikunda as the abode of Hindu deities Lord Shiva and Goddess Gauri. The Hindu scriptures Bhagavata Purana and Vishnu Purana, and the Hindu epics Ramayana and Mahabharata refer to Samudra manthan, which is directly related to the origin of Gosaikunda. Its holy waters are considered of particular significance during Gangadashahara and the sacred thread festival Janai Purnima when thousands of pilgrims from Nepal and India visit the area Gosaikunda is believed to have formed from the digging of the land by the Trishul (holy Trident) of lord Shiva.