South Asian families have a long-standing tradition of passing down gold as a symbol of love, prosperity, and good fortune. This tradition is deeply ingrained in the culture of the region, and it is not limited to any particular socioeconomic class.

• Gold is seen as a reliable safe haven asset, providing a sense of security and stability in uncertain times.
• It is often used as a means of financial planning, with women inheriting gold pieces from their mothers and passing them down to their daughters.
• Gold is also a symbol of love and affection, with brides often wearing gold jewelry on their wedding day.

The tradition of daughters inheriting their mothers’ gold is a common practice in South Asia, regardless of the family’s socioeconomic status. This tradition is often seen as a way to ensure that women have a sense of financial security and independence.

The Indian gold market is the second-largest in the world, with gold jewelry sales accounting for more than 50% of the total gold market share. The country has an expected 11 million to 13 million weddings a year, with bridal jewelry enjoying a significant portion of the gold market.

“Whatever I have, it’s all gold,” said a South Asian mother in a TikTok video. “When I bought this necklace right, those days, golds were very cheap. One gram was $12. Now it’s $100.”

The tradition of gold inheritance is not limited to India alone. It is a common practice in many South Asian countries, including Pakistan, Bangladesh, and Sri Lanka.

1. Gold is a symbol of love and affection, and it is often used to celebrate special occasions such as weddings and birthdays.
2. It is also a means of financial planning, with women inheriting gold pieces from their mothers and passing them down to their daughters.
3. Gold is a reliable safe haven asset, providing a sense of security and stability in uncertain times.

South Asian women are increasingly buying gold as a form of investment, with the metal reaching record highs in recent years. The prices of gold have skyrocketed 26% this year, after rising 27% in 2021, and the metal has hit a record high above $3,500 a troy ounce in April. “Compared to bonds and compared to holding cash, I would still prefer to buy gold coins,” said Ghani, a 56-year-old woman from Miami, Florida. Brides in South Asia are famously decked out in the precious metal – necklaces, earrings, nose rings, hair pieces and amulets – that can be gifted or inherited. The tradition of gold inheritance is deeply rooted in the culture of South Asia, and it is not limited to any particular socioeconomic class. It is a symbol of love, prosperity, and good fortune, and it provides a sense of financial security and independence for women.

Gold inheritance refers to the tradition of passing down gold pieces from one generation to the next, often as a means of financial planning and as a symbol of love and affection. Highlights:

• Gold is a symbol of love and affection, and it is often used to celebrate special occasions.
• It is a means of financial planning, with women inheriting gold pieces from their mothers and passing them down to their daughters.
• Gold is a reliable safe haven asset, providing a sense of security and stability in uncertain times.

The tradition of gold inheritance is a testament to the importance of family and cultural heritage in South Asian societies. It is a way to ensure that women have a sense of financial security and independence, and it provides a sense of pride and identity for families.