Many women in India are full of gold jewelry, is it a symbol of status?
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Many women in India are full of gold jewelry, is it a symbol of status?
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Gold is inextricably linked with Indian culture. After leaving the gold jewelry, there is no complete Indian tradition, whether it is marriage or other rituals.
Despite poverty, the gold purchased by Indian farmers accounts for two -thirds of the total gold consumption of Indians each year. Because bank services in rural areas are inconvenient, Indian farmers prefer to use their savings to buy gold.
For those who are often suffering from disasters, gold is also very important. Every year, hundreds of people in India die in the floods, and millions of people are displaced. Faced with this reality, if the savings are turned into gold, many Indians who face the threat of floods can escape with their wealth at any time when the disaster is coming, and gold is easy to shoot.
gold is considered a lifelong investment.
In Hindu, gold is a symbol of wealth and prosperity, which is considered purity.
During the festival, Indians will eat sugar packaged in gold foil; gold is also used in traditional drugs; some silk clothes will also be embroidered with golden threads.
In India, gold is regarded as a convenient wealth. Although India's economy has developed rapidly, many Indians still have skepticism about the reliability of stocks and bonds. As the Indian economy has grown rapidly at a rate of more than 8 % per year in the past four years, more and more funds are being used to buy gold.