It is imperative to have a historical understanding of gold and its role to get a complete picture of
future trends.
Gold is not only noticeable and significant in the artistic sphere, but it also has a significant
impact on our country’s rising economy.
Investors can benefit significantly from using gold when managing the risk-return profile of their
total portfolio allocation.
During the pandemic year of 2020, gold served as a safe-haven asset, and in 2022, it is still
acting as a hedge against market volatility. These qualities have been acknowledged by the
Indian investors and the Reserve Bank of India.
India has a long history of producing and consuming gold. Indian households own over 22,000
tonnes of gold, which is valued as an investment and ornament. Each year, 600 tonnes of gold
are utilized in jewellery manufacturing.
Ever wondered why gold maintains its dominant position among the available investment
options?
Is gold a suitable choice since it has the potential to provide insurance against instability?
Or is its widespread acceptance what makes it most notable?
If you ask us, we would say both!
Since human civilization first developed the idea of wealth production, gold has continued to be
the most valuable asset in our existence.
Since its discovery, gold has held a central place in cultures worldwide. When it comes to precious gold, Indians are on par with the other ancient civilizations.
Do you know that India consumes almost a quarter of the whole gold produce?
Gold has emotional, cultural, and financial value and is purchased for a variety of reasons by
people all over the world.
Considered worldwide as a sign of luck and prosperity, our love for gold has many forms.
1. As a Woman’s power
Distinguished late Indian economist I.G. Patel noted that
“In prosperity as well as in times of need, the thoughts of most Indians turn to gold.”
Our tradition ascribes gold as ‘Streedhan,’ considered goodwill and shelter for a woman’s life in
difficult and uncertain times.
2. Reconnecting Religion
Devotees of religions also donate ‘Suvarna’-Gold. In India, temples traditionally serve as the
hubs of religious and cultural activities. Kings then spread these to gain favour from the gods and
the populace. Their assistance came from significant gold gifts used to beautify the temples and
create decorations for the gods
3. Fulfilling Festivals
Gold occupied an integral position in almost all auspicious festivals. Indian traditions are
integrated with gold throughout their whole cultural history. A sign of prosperity, marital bliss,
and divinity, gold is a must for every occasion.
A gift of gold is regarded as an auspicious symbol for a newborn from birth. From obtaining piercings to reaching adulthood, be it a puja or a wedding, it is thought to bring luck and prosperity because it is associated with purity.
A wedding in India wouldn’t be the same without gold. As a result, gold, a metal as eternal as
time itself is deeply woven into Indian culture as we follow our time-honored rituals.
4. Glittering Gift
Gold displays itself as a symbol of friendship and helps to make the important day a memorable
occasion. Across all continents, gold is ingrained in everyone’s culture and way of life. What
runs in common, though, is an affinity and quest for gold that has withstood the test of time.
5. Reputation & Reward
Olympic medals, the Nobel Prize, Oscars, and Emmys are awarded to individuals who
demonstrate exceptional talent. The idea is that the prize is made of rare material and is given to
people who have talent as rare as the material, says Sally Augustin, an environmental and design
psychologist.
As a result, gold stands a colour of motivation in psychology.
THE STORY OF RESPONSIBLE GOLD MINING
Gold mining is a significant economic driver in many countries around the world. Because it
creates employment and business opportunities for local people, well-managed, transparent, and
accountable resource extraction can significantly contribute to economic growth.
Gold mining creates direct and indirect jobs, foreign direct investment, and tax revenue for
countries.
These companies frequently operate in remote locations and invest in infrastructure and utilities.
These improvements to roads, water, and electricity supplies provide a long-term benefit to
businesses and communities throughout the area that outlasts the gold mine’s production years.
Gold miners can provide cleaner energy to local communities by decarbonizing their energy
sources.
Gold –Human’s Trusted Companion!
For decades, there has never been a more reliable and precious asset than gold to rely on in most
difficult circumstances.
Gold has a lot more to give to humanity, from serving as a springboard for the aspirational
educational ambitions of a person to providing emotional security for a family.
The importance of gold in contemporary life is astonishing.
Gold is an essential resource in everything from cutting-edge technology to sophisticated
medical equipment.
Without gold, our GPS and satellite technology would be unable to navigate as quickly, our
astronauts would be exposed to harmful radiation, and our doctors would be unable to use life-
sustaining medical equipment.
It is clear why gold has had notable influence for centuries and will continue to do so in the
pages of human history.
Keep mining this blog to get more about gold, its worth, and the opportunities it offers to your
life.
Lalithaa Jewellery, renowned for providing customers with information and options, decided to
offer an innovative and informative blog to provide insightful information for gold buyers in the
coming days.
