Many will soon be celebrating this year’s festival of lights – Diwali. In London, a number of events will be taking place including a children’s parade on 11 October 2015.
Gold is embedded in Indian culture – the precious metal is often seen as a link between the country’s spirituality and its heritage.
Gold Investments has compiled 15 interesting facts about Diwali and gold purchases at this time of year. Demand for the precious metal tends to increase before and after the festival (the wedding season begins afterwards).
|1||Diwali celebrates the triumphant victory of good over evil.|
|2||Houses are decorated with colourful lights and candles during the festival.|
|3||Families and friends share sweets and gifts during Diwali.|
|4||The festival is celebrated by Sikhs, Jains and Hindus around the globe.|
|5||Diwali normally runs from around the middle of October to November.|
|6||Narak Chaturdas – the second day of Diwali – is associated with the defeat of the demon king Narakasura by Lord Krishna. He freed 16,000 captive women.|
|7||In London, Trafalger Square will be the main venue for Diwali celebrations this year in the Capital.|
|8||Demand for gold increases before and stays high after the festival for the wedding season.|
|9||The festival normally runs from around the middle of October to November.|
|10||During the five-day festival, people wear gold jewellry and their best new clothes.|
|11||Nearly 20% of annual jewellry sales are made during this holiday season.|
|12||Dhanvantari Trayodasi is the name of the first day of the festival.|
|13||The fifth day of Diwali is Bhaiya Duj. It is dedicated to the relationship between siblings.|
|14||Diwali is an auspicious time for buying gold.|
|15||Dhanteras is also a major shopping day, particularly for gold.|
From all of us at Gold Investments, have a very happy Diwali.
If you would like to talk about buying gold during Diwali then please get in touch with us. We’re one of the oldest bullion dealers in the UK, trading since 1981.
Image courtesy of digitalart at FreeDigitalPhotos.net