Why Kerala has so much gold?
Due to their deep history with gold, the people of Kerala value gold so highly that regardless of crippling debt, people would rather own gold than remain debt free and ass such Kerala is a state that will always be high on gold consumption.
Why do Keralites wear gold anklets?
Kerala people are so obsessed with gold and gold jewellery because they believe that Goddess laxmi bring more prosperity and shower her blessing to their lives if they buy gold . Gold is also known satvik element which are loved by all God and Goddess.
Why do Indians like to wear gold?
For many Hindus, gold is considered precious. Hindus believe that gold has the power to purify anything it touches. It is also considered as a sign of power and wealth. Aside from that, it also symbolizes good health, prosperity, and femininity.
What do Kerala people like?
They like to live in their own world of simplicity and originality. They are known as “keralites”, since they are natives of Kerala. The people of Kerala are very protective about their religion and ancient practices,rituals and traditions. They are proud of their culture and will go to any lengths to preserve them.
Why is gold cheap in Kerala?
Since people in Kerala are so completely obsessed with gold and generally buy lots of this precious metal . As the demand increases during festive seasons and so does the price.
Has Kerala become golds own country?
“God’s Own Country” is fast becoming “Gold’s Own Country.” With only 3 percent of India’s population, Kerala gobbles up 20 percent of the country’s gold every year, and the World Gold Council estimates that India, the largest consumer of gold in the world, consumes 30 percent of the global supply.
Is it OK to wear gold anklet?
Despite encouraging women to wear gold jewelleries above the waist, our elders have always forbidden us from wearing gold anklet or toe rings for some reason. Thus, wearing gold above the waist and silver below waist helps to balance our body temperature.
Has Kerala become gold’s own country?
Why are people crazy for gold?
The combination of ornamental and value appreciation makes the gold more attractive. The liquidity makes gold a preferred investment and savings. Unlike stocks, bonds, real estate property, etc. gold can easily be converted into liquid cash, making it a preferred financial asset for all classes of individuals.
Is gold important in India?
India is one of the largest markets for gold, and growing affluence is driving growth in demand. Gold has a central role in the country’s culture, considered a store of value, a symbol of wealth and status and a fundamental part of many rituals.