Gold & Silver Coins & Bars: A Great Buy during Festive Occasions

Precious metals have been an integral part of the Indian culture. Most common of them are gold and silver. It does not matter what religion you come from, you are likely to see a lot of gold and silver in the Indian culture. The prices of gold and silver do not really matter. People will buy jewellery despite the high rates.

The tradition of buying gold and silver during festive occasions began with the intent that it would be useful during a financial crisis. You could easily sell some gold or silver in order to get cash. With the availability and access to numerous investment options, precious metals are rarely purchased with the intent to sell them off when times become tough. The gold and silver coins and bars have replaced jewellery as an investment option.

Gold and silver coins and bars are easy to get and easy to store. They come packaged securely and you rarely handle them. It decreases the chances of the coins and bars becoming tarnished or damaged. Another important factor that drives people to buy gold and silver coins and bars is the purity. The entire metal used in the making of the bar or coin can be made to be 99.99% pure.

Gold and silver coins and bars are considered auspicious to buy during traditional Indian festivals and are also a great gifting option. The coins and bars are embossed with various designs, the most common being images of Gods and Goddesses. The designs can be customised to be embossed with names, dates, symbols, flowers and more.

Dhanteras is a festival meant to buy precious metals. Other than buying jewellery people buy items in silver that they can use, such as kitchen utensils. It is considered an auspicious time to invest in metals. People also line up to buy gold and silver coins and bars. During Diwali, buyers generally look for coins embossed with the image of Goddess Laxmi.

Gold and silver coins and bars are an excellent gifting option in the Indian culture. People generally gift silver when a baby is born and gold for other events such as weddings, engagements, promotions, house warming parties and many more. Gold and silver coins embossed with images of Goddesses are considered lucky charms. Generally, students are gifted silver coins with the image of Goddess Saraswati, before any big exam.

If a festive occasion requires buying precious metals, then people will queue up to get their gold and silver coins and bars!