Why do Indians Buy So Much Gold?

Posted by Nikki Girdhar
1
Aug 4, 2015
134 Views
In India, people give much importance to gold since the ancient times. Gold has become an integral part of India's culture and tradition. Like money, jewelry, status symbol and investment, gold plays an essential part in the lives of Indians for centuries. A family's wealth was judged on the quantity of gold and land they had. Gold is also considered Lakshmi (the Hindu goddess of wealth) and a symbol of prosperity.

There are many reasons why people in India buy gold. Gold can be treating as a Security or Asset. You can easily convert your gold into cash at the time of emergency. Especially in countries like India gold represents wealth. At the time of wedding, the gold the bride brings in show her family's status and wealth and forms part of the dowry given to bride. It is believed that gold brings luck and happiness.

Gold also plays a major role in terms investment. Gold is an asset which has consistently increased in value and thereby considered as a safe and secure investment.  It's precious and worthy across all cultures and times. You can gift gold jewelry to your loved ones during weddings, festivals and other special occasions.  

Every woman loves to flaunt her gold ornaments. They have always loved wearing gold ornaments at special occasions. Moreover, Gold Jewellery will never go out of fashion. Many cultures see gold as a metaphor for long-lasting relationship unaffected by the passage of time and wedding rings are traditionally made of gold. Gold ornaments are handed from generation to generation and regarded as ancestral property.

The value of gold fluctuates widely and would not provide the price stability. Always check the per gram price of gold ahead of your purchase. The means of arriving at it vary from city to city and are decided by various associations of gold jewellers.  To check today's gold rate in Bangalore, today's gold rate in Chennai visit to a reliable websites like Jagran classified.

Jagran classified is one of the popular classified ad web portals in India where you will find or post number of advertisements based on matrimonial services property, cars, bikes, and laptops across India. This website provides both free and paid services to their clients. To acquire better and genuine responses choose paid services. Another way of ensuring that per gram price of gold is reliable is by checking in more than one famous showroom.
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