Tuesday, 5 January 2016

The Love of Gold Intensifies


Marriages in India require a lot of gold ornaments and whenever there is a marriage arranged parents start shuttling between jewellery stores to buy jewellery. This has been a tradition in India for as long as history can provide data for. This is a part of ‘stridhan’ which is woman’s wealth and provides security to the women in case of untoward situations of divorce or death. This tradition is significant in some places wherein people weigh their daughter and match the gold amount as per her weight. In today’s world women are working and have financial security, so this custom is not necessary anymore but it is still ongoing because Indians love gold. Indians even buy jewellery years ahead of a marriage just because the price of gold has fallen or is predicted to rise sharply. The situation is same in every part of India and this behavior is easily seen just before festive and wedding seasons.

The festive months for Hindus run from October to December and weddings season also falls around this time which produces a phenomenal amount of gold sales. In India gold ornaments are even gifted to near and dear ones during festivals and weddings irrespective of the religion.


The World Gold Council reports that urban Indians are looking for contemporary designs for daily use. Affluent youth are seeking modern yet heritage and culture reflecting designs which represent the wearer. This shows that the love of gold has not died down in the youth and the trend will continue with the new generation. Still today newlyweds are given so much gold that is difficult for them to wear comfortably. Peasants still store their savings in jewellery or other trinkets. Tycoons seek redemption at temples by offering gold to god. The rich still wear gold chains and rings to show his affluence. This love for gold in India does not seem any way lesser than decades earlier and we believe it will continue to grow in the near future.

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