InvestorQ : Why is Gold an important asset class for investors in India?
Abigail Ghoshal made post

Why is Gold an important asset class for investors in India?

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Priyanka N answered.
3 years ago
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For centuries, gold has been the equivalent of wealth in the Indian context. Whether it is the vast wealth reserves of Lord Kubera or the benedictions bestowed by Goddess Lakshmi; nothing represents boundless wealth as well as gold does. Indians have had a passion for buying gold since times immemorial. In fact, Akshaya Trithiya is an Indian festival when it is considered auspicious to buy gold; either in the form of gold coins or in the form of jewellery. For centuries, parents in India have tried to secure their daughter’s future by gifting her gold during marriage as a protection during tough times.

What is surprising, however, is that gold has not lost its allure and attraction even after centuries. So, this exactly explains this allure of gold and gold retained its lustre, value and attraction despite all the global volatility and the erratic movements in the price of gold.

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