1 thought on “Why are Indians so obsessed with buying gold”
Colleen
As we all know, the Indians are keen to buy gold, especially the residents in rural areas in India have a strong demand for gold.
In data released by the World Gold Association, India is the world's second largest gold consumer country, with gold consumption of 800 tons to 1,000 tons each year. The highest level of history was reached in the quarter.
Why can't the enthusiasm of Indians buying gold in today's serious situation today? Why are the Indians so obsessed with gold? Thenone, India's enthusiasm for gold first comes from culture and religious beliefs. India is one of the countries that are most affected by religion in the world. People who believe in Hinduism are all over the country, accounting for 80%of the country's total population. , on the one hand, gold represents wealth and auspiciousness in the beliefs of Hinduism. On the other hand, the most popular wealth, abundance and prosperous god Lhasami God, the most sought after by Indians, is a beautiful woman decorated with gold: she is wearing golden clothes with golden trims and keeps flowing out of gold in her hands. Legend has it that people who believe in her will get wealth.
Secondly, gold is a symbol of identity. In the wedding festival, gold represents good luck and happiness. The biggest use of Indians to buy gold is a gift. The gold jewelry, gold bars and gold coins every year are used in 8 million to 10 million weddings. It is said that the Indian bride with 24K gold represents good luck and happiness during the wedding.
Is that the parents started to deposit gold for her in the future wedding dowry since the girl was born, which has become the practice and tradition of India. The bride's parents hope that gold can live enough economic guarantee for her daughter's future life, so that the married daughter can enjoy the equivalent living level as her childhood.
In the end, gold is also the first choice for Indians to accumulate wealth. It is an investment way to be a "safe haven". In 2011, a survey team in India opened several hidden vaults. They found a large number of gold jewelry and golden items in the vault. The total value of all treasures was about 15 billion US dollars.
As we all know, the Indians are keen to buy gold, especially the residents in rural areas in India have a strong demand for gold.
In data released by the World Gold Association, India is the world's second largest gold consumer country, with gold consumption of 800 tons to 1,000 tons each year. The highest level of history was reached in the quarter.
Why can't the enthusiasm of Indians buying gold in today's serious situation today? Why are the Indians so obsessed with gold?
Thenone, India's enthusiasm for gold first comes from culture and religious beliefs. India is one of the countries that are most affected by religion in the world. People who believe in Hinduism are all over the country, accounting for 80%of the country's total population.
, on the one hand, gold represents wealth and auspiciousness in the beliefs of Hinduism. On the other hand, the most popular wealth, abundance and prosperous god Lhasami God, the most sought after by Indians, is a beautiful woman decorated with gold: she is wearing golden clothes with golden trims and keeps flowing out of gold in her hands. Legend has it that people who believe in her will get wealth.
Secondly, gold is a symbol of identity. In the wedding festival, gold represents good luck and happiness. The biggest use of Indians to buy gold is a gift.
The gold jewelry, gold bars and gold coins every year are used in 8 million to 10 million weddings. It is said that the Indian bride with 24K gold represents good luck and happiness during the wedding.
Is that the parents started to deposit gold for her in the future wedding dowry since the girl was born, which has become the practice and tradition of India. The bride's parents hope that gold can live enough economic guarantee for her daughter's future life, so that the married daughter can enjoy the equivalent living level as her childhood.
In the end, gold is also the first choice for Indians to accumulate wealth. It is an investment way to be a "safe haven". In 2011, a survey team in India opened several hidden vaults. They found a large number of gold jewelry and golden items in the vault. The total value of all treasures was about 15 billion US dollars.