Buddha Kanakamuni (also called Konagamana) was the second Buddha of this Bhadrakalpa. Buddha Kanakamuni was born in Shobhavati. Buddha Kanakamuni parents were brahmana Yakshadutta and Uttarani. Buddha Kanakamuni wife was Rucigatta and his son was Sarthavaha. He enjoyed this worldly pleasure for three thousand years. After his renunciation he practised his austerities for six months. He attained his supreme enlightenment at the foot of an Udumbara tree. His first sermon was attended by 30,000 monks near Sudarsana Nagara. His body was 30 cubits high. He passed away at the Pabbatarama at the age of 30,000 years.

During his career Buddha Kanakamuni also visited Swayambhu Kshetra in Kathmandu valley. After his Parinirvana, a stupa was erected near Kapilavastu at Niglihawa in the Western Terai region of Nepal. This has been confirmed by the Ashokan inscription.

Buddha Kanakamuni is generally represented as yellow in colour. His right hand has Abhayamudra and his left hand is in dhyana mudra.