As gold gained popularity as a form of security during financial crises, it also found its way into bridal jewellery. Jewellery, particularly that made of precious metals, is a way for Indians to express their social standing and status. As a result, the more gold a bride wears, the wealthier her parents and the groom's family are perceived to be.
While India remains one of the world's largest gold markets, it has been observed that Indians prefer to purchase gold in the form of jewellery rather than gold coins or bars. In other words, gold in Indian weddings is of significant importance.
Read on to know why gold jewellery is considered auspicious in Indian weddings.
Gold investment allows a person to adjust the risk-reward ratio in their investment portfolio. Investing in this metal is thus a good option, but there are a few things to consider before doing so.
After knowing the importance of gold in Indian weddings, it is crucial that you know a few things to consider before purchasing it. Find them below:
1. Your Budget
You can invest in gold jewellery, bars, coins, Gold Monetisation Scheme, Gold Accumulation Plan, Gold Exchange Traded Funds, digital gold, and so on.
Choosing the right investment option has a significant impact on earnings. However, before choosing an option, you must always consider the budget so that it does not take a toll on your financial health.
2. Gold’s Purity
The purity of gold determines its value. As a matter of fact, pure gold is too soft. As a result, it is mixed with other metals such as copper, nickel, or silver, and the resulting alloy is measured in karats. The Karat standard determines the purity of gold. The purer the gold, the higher the karat. It is available in several grades, including 18-karat, 22-karat, and 24-karat.
3. Authenticity of the Gold
When investing in gold, checking and confirming its authenticity is critical. Hallmarks are official marks that serve as a guarantee of the authenticity of precious metals. The certification authority is the Bureau of Indian Standards (BIS), and the BIS hallmark on jewellery ensures authenticity.
Gold rates have been steadily declining over the last few years. However, rates for both 22k and 24k gold are already stabilising. As the wedding season approaches, it becomes prudent to make a gold investment before gold rates rise a few notches higher.
The significance of gold in Indian weddings cannot be ignored. It forms one of the most crucial parts of the culture and traditions of Indians.
Frequently asked questions
Every Indian family values a bride, and gold is a symbol of love. She receives gold at her birth and on her wedding day. Due to certain cultural and religious beliefs, Indian brides wear gold at the wedding.
The amount of gold purely depends on the budget of the family. That said, Section 132 of the Income Tax Act allows married women to keep around 500 grams of gold.
In India, gold represents wealth. In Indian weddings, the bride's gold represents her family's status and wealth. People believe that a bride wearing 24k gold on her wedding day will bring her luck and happiness for the rest of her married life.
Indians consider gold an auspicious wedding gift. Thus, gold is a perfect wedding gift, considering this metal's immense value.
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