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 Women'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. Fulfiling 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.

3. Gliterring 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.

4. 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.
Keep mining this blog to get more about gold, its worth, and the opportunities it offers to your life.