The tradition of gold gifting during Diwali...
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Diwali, the festival of lights, is one of the most celebrated Hindu festivals, symbolizing the victory of light over darkness and good over evil. This year, Diwali will be celebrated on November 12, 2024, and one of the key traditions is the gifting of gold, a symbol of wealth, prosperity, and blessings.
Gold holds deep cultural and religious significance during Diwali, closely tied to honoring Goddess Lakshmi, the deity of wealth and fortune. Families purchase gold coins, jewelry, and other gold items to exchange as gifts, sharing prosperity and blessings with loved ones. This tradition is rooted in the belief that gold attracts luck and divine protection, making it a cherished gift.
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In modern times, the tradition has also become an investment opportunity, with gold prices typically rising before Diwali. Gifting gold is seen as both a valuable gesture and a smart financial move, ensuring wealth is passed down through generations.
As Diwali approaches, the gifting of gold remains a timeless practice, symbolizing good fortune, family bonds, and enduring prosperity.
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I will be celebrating this year thank you in advance for the gold bar sir.
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India is sure buying up gold with the gloves off this year, I think another 40 tons since the beginning of this year. BRICS demand is eating up COMEX and LAMA inventories faster than it could be restocked. Making me wonder just where is some of the reserve gold is coming from?