Diwali, the festival of lights, joy, and generosity, officially started on November the 1st and will last for 5 days until November the 6th. It’s a time when people come together to celebrate new beginnings, prosperity, and the promise of a bright future.
During the celebration, it is normal for family and friends to exchange gifts with each other. Not only is this a token of their love and appreciation, but gift giving is also a way to usher in prosperity and pay respect.
If you’re looking to give a gift that truly embodies the values of Diwali, why not consider precious metals? Gold, silver, and other precious metals are not only meaningful gifts steeped in tradition, but they also offer an opportunity to help loved ones build wealth over time. Here’s why giving precious metals this Diwali is a unique and thoughtful choice, as well as some of the best ways to do it.
Giving precious metals as a gift is more than just an investment; it’s a gesture filled with symbolic value. Unlike other gifts that may lose their significance or value over time, precious metals hold their worth and even appreciate, providing lasting value. They also act as an inflation hedge, which means that they hold their purchasing power and tend to outperform inflation.
When you give the gift of gold, silver, or other precious metals, you’re offering something timeless, durable, and meaningful. It’s not only a valuable asset but a symbol of prosperity, good fortune, and abundance.
On top of that, who doesn’t love receiving beautiful jewellery every now and then? Precious metals, particularly in their physical form, are one of the most exciting investment gifts that you can give.
The cultural and spiritual relevance of precious metals in Diwali
Gifting precious metals is not just about giving your loved ones a gift that offers lasting wealth. Precious metals also hold a lot of relevance to the celebration of Diwali.
The festival is dedicated to welcoming Lakshmi, the goddess of wealth and prosperity, into homes, and gold has long symbolized these blessings. Many families buy gold during Diwali to bring good fortune for the year ahead, so gifting gold, silver, or other metals during this time is especially meaningful.
Beyond cultural significance, precious metals are symbolic of stability, endurance, and resilience—qualities that reflect well in a thoughtful gift. By giving precious metals, you’re not only following a beautiful tradition but also providing a meaningful reminder of security and prosperity.
5 Ways to Gift Precious Metals This Diwali
Now that you know why precious metals are such a great gift idea for Diwali, let’s take a look at 5 different ways to give precious metals as a gift.
1. Gold Bars and Coins
Gold bars and coins are probably the most popular way to gift Gold. They come in various weights, making them suitable for any budget, and they hold intrinsic value that loved ones can keep as a part of their wealth.
Smaller gold bars or silver coins offer a budget-friendly way to give a truly valuable gift without a massive expense. They’re easy to store, tangible, and symbolically rich, perfect for marking the festival of wealth and prosperity.
If you’ve got a bit more cash to spend, you could consider investing in larger Gold bullions. These often require robust storage – such as a safe or even a vault – but can be a great store of wealth.
2. Gold and Precious Metal Jewelry
Jewellery has long been a cherished part of Indian culture, and giving gold or silver jewellery during Diwali is a tradition that combines beauty with value. Plus, jewellery is much more exciting than a plain bar of gold (for some of us anyway!).
For those looking to add a personal touch, consider custom pieces that make the gift even more unique and meaningful.
When you buy jewellery as a gift, always make sure to check the authenticity. And remember, the higher the carats, the more it will be worth.
3. Precious Metal ETFs
Precious metal and Gold ETFs allow you to give the gift of gold or silver without the need to store physical assets. It’s also a great option for last-minute gift givers who don’t have time to wait for shipping!
ETFs track the value of precious metals and can be bought and sold on the stock market, making them a flexible and easy-to-access investment option.
They are ideal for loved ones who may be new to investing but interested in building wealth through a low-risk, long-term asset.
You can buy the ETF through your own brokerage account and then request that the investment be transferred to a different account (presumably in the name of the gift recipient).
4. Precious Metal-Related Stocks
Investing in precious metal-related stocks, such as shares in gold mining companies, offers a unique gift that goes beyond traditional physical metals.
Many of these companies pay dividends, which can provide regular income to the recipient. This gift allows your loved ones to gain exposure to the precious metals industry and, can act as an introduction to stock investing by giving them a valuable asset with growth potential.
Just like ETFs, you can request that the stocks be transferred to a different account once you have purchased them. The main obstacle here is that your loved one will need to set up a brokerage account of their own before the transfer can be made.
5. Precious Metal Bonds
Precious metal bonds are another excellent option for people who are looking for an alternative way to gift gold (or other precious metals). Many available bonds offer annual interest, making them a safe and practical gift.
The gift recipient benefits not only from capital appreciation if gold prices rise, but also from regular interest payments, making this a gift that provides both security and income.
Precious metals make an excellent gift for all occasions. Not only do they look pretty, they also provide lasting value and even the opportunity to earn regular passive income.
Before you get the ball rolling, take time to learn about each of the different methods that are mentioned above. It’s important that you know exactly how each investment works before you put any money on the line.
Are you interested in learning more about investing? Why not sign up to the MoneyMagpie bi-weekly Investing Newsletter? It’s free and you can unsubscribe at any time if you find it isn’t for you.
Disclaimer: MoneyMagpie is not a licensed financial advisor and therefore information found here including opinions, commentary, suggestions or strategies are for informational, entertainment or educational purposes only. This should not be considered as financial advice. Anyone thinking of investing should conduct their own due diligence. When investing your capital is at risk.
Get free investing tips and the latest news! Receive an email once a fortnight with easy-to-follow tips and information that will show you the best investments and help you make money while you sleep.
Sign up now
Investments Sign-up 2023 Popup
New data capture form 2023. This is for the popup form to avoid duplicate IDs.
