What’s common between Ugadi, Pongal, Akshaya Tritiya, Onam, and even Diwali (apart from the fact that they are all major Indian festivals)? The answer is that each festival is synonymous with gold, considered a symbol of prosperity, affluence, and purity. India has deep connections with gold, particularly for its ceremonies and religious festivals.
Our obsession with gold runs deep since we revere it as a sacred part of any cultural and spiritual celebration.
Gold is a Must for Almost Every Ceremony
Almost every ceremony in India has a golden connection! Gold symbolizes good fortune, sacredness, and high status in Indian culture. As a result, all the festivals mentioned above witness its use in several rituals, while people either purchase gold or gift it to their loved ones. For instance, buying a 2-gram gold coin or other jewelry on Dhanteras is common for most households. They believe religious and cultural practices mandate silver and gold purchases on the day to usher happiness and prosperity into the home.
Many also celebrate ceremonies like housewarming or Griha Pravesh with gold since it is auspicious. Naming ceremonies or Namakaran are also sometimes incomplete without blessings and gifts of gold jewelry to little ones. Weddings, of course, go hand in hand with gold purchases. It is a pivotal part of the bridal trousseau, while grooms also get jewelry and other items as presents. You’ll also know that the mangalsutra (sacred wedding thread) always has a little gold in it, further cementing the association of the yellow metal with Indian weddings.
The History of Gold in India- Fun Facts
Before you invest in that 2-gram gold coin or other jewelry, here are some historical facts that you will love knowing without a doubt.
• Gold finds multiple mentions in sacred Vedic texts. The Sanskrit word Hiranya refers to gold in the same.
• The Rig Veda mentions Hiranya-mani or gold several times, while a hymn from the sacred text, Sri Sukta, talks about Devi Lakshmi as the Goddess of prosperity and wealth.
• Excavations at archaeological sites like Mohenjo-Daro and Harappa (from the Indus Valley civilization) between 2600-1900 BCE indicate the use of gold jewelry.
• Relics discovered 8,000+ years ago include ornaments like bangles, necklaces, bracelets, etc.
• Silappadikaram, a Tamil epic from the Sangam era, talks about golden jewelry embedded with pearls and precious stones.
• Standardized gold coins were the brainchild of Emperor Vima Kadphises in 100 AD. The reign of the Gupta Empire was known as the Golden Age, and numerous gold coin designs and styles were introduced by the rulers.
• Tamil cultural traditions also have a custom of owning necklaces called Kasu Maalai crafted from gold coins.
• Arthasastra by Kautilya (4th century BCE) mentions gold refining in the solid and molten states. He also talks about India’s process of gold manufacturing, supervised by the Sauvarnikas or goldsmiths who would have jewelry shops in markets.
• Even the Mahabharata references Pipilaka gold, comprising fine-sized powder with high purity.
Why Gold is Indispensable
Thus, gold has several symbolic associations in India, making it near-mandatory for several ceremonies and festivals. It is also passed down as a family heirloom across generations. Gifting gold is also considered auspicious, with recipients perceiving it as a symbol of good luck and prosperity.
These gifts are perhaps the highest form of gifting in India today, especially since gold ownership is also a status symbol in the country. Many also consider gold the safest investment option and a hedge against future inflation. You can check out various options like coins, earrings, bangles, and necklaces as gifts for loved ones at festivals, weddings, and other occasions. If you’re looking for a pocket-friendly choice, a 2-gram gold coin or other products from MMTC-PAMP are worth considering, with guaranteed purity and certifications. On that note, here’s to celebrating every ceremony and festival with gold.
Gold has been a trusted store of value for centuries. It is not linked to corporate profits or economic cycles. Instead, it holds its own during uncertain times. This makes gold an ideal choice for those looking for stability in their portfolio.
Since time immemorial, gold has played an important role in Indian households. It's been given as gifts during weddings, festivals, and other family occasions for countless generations. Some gold is inherited, and some gold is received as blessings. Over time, these gifts turn into a collection—some useful, some forgotten. If you have such gold lying idle, now might be the time to think differently. Instead of storing what you no longer use, you can choose a gold buyback and make better use of it.
Gold has a special position in India. Whether it's a family heirloom, hand-me-down from multiple generations, or an investment sitting idle for the proverbial rainy day, gold has been a part of our financial and emotional fabric. However, with the emergence of the digital world and a younger, tech-based and savvy cohort of investors, gold has transitioned from being solely about jewellery or bank lockers. With the dual benefit of marrying traditions with technology, two new, new-age alternatives, Digital Gold and Gold ETFs, give investors options.
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