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South India is renowned for many things that elicit culture and tradition. One of the things normally associated with this intricate and impenetrably tradition-bound group of people is their immense love for gold. Their temples, sarees, utensils, and sometimes even food are coated in gold. Their jewellery, while stunning, often bears social implications within their own family hierarchies. One of these traditions is upheld even during Deepavali.
A practice followed usually in wealthy households, Thalai Deepavali is the first Deepavali celebrated after the daughter of the house is married off. During her wedding, the father of the bride would have put up a spectacle, no doubt, but on this occasion as well, he has to host his son-in-law with all the splendour he can afford.
A gold ring studded with diamonds Image credit: Wikimedia commons
The newlyweds come to the bride's house to celebrate an elaborate week of festivities. During their stay, no work is required of them. They are pampered and fed with the best food, choice delicacies, and clothed in beautiful adornments. The son-in-law is taken very good care of and is looked up to as the one who takes up responsibility for the welfare of his bride.
Thalai Deepavali is an intimate celebration while it lasts, but its success reflects only when the groom goes back home. As tradition requires, the bride's father is supposed to present the groom with a ring made of gold. Ideally, it is supposed to represent his worth in the family. Based on the prosperity of the bride's family, and the social standing of the groom's family, the ring is also set with precious stones. It is believed that the pure and unchanging nature of gold will rub off on the wearer. It is every father's wish that his daughter is well-placed in the in-laws' house. When the groom returns home, if the ring does not meet the expectations of his family, it is likely that the relations between both families are soured for a long time.
Deepavali celebrations in Chennai, Tamil Nadu Image credit: Wikimedia Commons
As enduring as gold is in the southern states, it is a symbol of their culture more than anything else. On the occasion of Deepavali as well, gold is the light that shines on a girl's marital life and the blessing to her husband's family.
Keywords: Thalai Deepavali, Family Celebration, elicit culture and tradition.
To save up money for the future, you probably opened up one or more savings accounts at banks you trust. But have you noticed that your money isn't growing as much as you would like it to while it sits in those accounts? They probably are not earning much money in interest, so the amount that you have saved likely has not changed much since you put the money in the account. This can be frustrating and disheartening, and it can create quite a bit of fear about the future, especially with coronavirus lockdowns and restrictions and rising costs.
The good news is you can do something about this. Putting your money in the bank is not the only way to make it grow. Instead, you can invest in assets that will appreciate in value over time. That way, you can build your wealth, and if you ever need more cash on hand for any reason, you can sell the assets you invested in and get the money that you need.
What are some of the top assets that you should consider investing in? HotForex has created this infographic to illustrate some of the options that are available. Keep reading to learn a bit about them.
Asset #1: Gold
When it comes to assets that you can invest in to grow your wealth, you probably think of real estate, right? A lot of people do. Unfortunately, many people these days can't afford to buy real estate because they might not be earning enough, they might not have enough money saved for a down payment, or the home prices in their area might be too high. But, again, there's no need to get discouraged because there are other assets, such as gold, that can be much more affordable but still give you a great return on your investment.
Gold is an awesome hedge against inflation, so even if the value of your currency drops, the value of your gold may remain stable or increase, thereby supporting you and your wealth goals. So, definitely consider buying some gold when you are ready.
Asset #2: Commodities
Another way to hedge against inflation is by investing in commodities. According to HotForex, industrial metals and oil have done well since COVID-19 restrictions were eased around the world in the recent past, so when you look at how their values have changed, you may realize that they have increased in value and price. If you invest in them now, you might be able to reap the benefits of their value continuing to increase in the years to come.
Some of the commodities that you might want to consider investing in include oil, palladium, copper, and silver. Going with materials that are in high demand across a variety of industries is a good way to ensure you will be making a sound decision and a financially responsible move.
Asset #3: Forex
Finally, there's the forex market. If you have never heard of it, it's basically a market in which you trade currency pairs to make a profit, much like you would trade shares of stocks on the stock market.
To succeed in the world of forex trading, be sure to get a good quality trading platform, like the MT4 for PC download. That way, you can gain access to valuable tools and stay on top of every trade with ease to increase your earnings.
(Disclaimer: This article is contributed and contains some commercial links)
Every part of South India changes colour on Onam and Vishu when Malayalis begin their celebrations. They cannot be missed for they decorate themselves in subtle shades of gold and white, and dot the streets in their traditional attire.
The white kerala saree, known as kasavu, has a rather interesting history. It grew to prominence when the Portuguese reached India, and began trade. Gold was exchanged for spices, and women began to incorporate gold into their sarees. The white part of the kasavu is believed to be inspired by the Greco-Roman one-piece, also known as 'toga' or 'palmyrene'.In Ravi Verma's paintings, the Malayali woman is visibly very similar to the European contemporary when she is decked in her adornments.
A classical dancer dressed in gold and white kasavu Image source: wikimedia commons
The traditional malayalis used to wear what is called a mundu, or a settu-mundu, which consisted of a rectangular piece of cloth tied around the waist. They did not cover their upper bodies. Later, women began to wear a blouse or place a cloth to cover their upper body, and the mundu became a two-piece affair. Today, women wear three different pieces. The blouse is worn with one cloth wrapped around the waist, and another wrapped around the chest. Colours are also incorporated according to each one's taste.
The kasavu yarn is spun and dyed in the required colours, and stretched, ideally in the early hours of the morning. It is also soaked and stamped to make it soft. It is then mounted on the loom and woven. The stretching allows the fabric to become resilient, and it does not break easily. Once woven, it is immediately turned into sarees or mundus. Since it is a relatively plain weave, it does not require a post-weave process.
The kasavu saree is very simple and common among the malayalis, and with added colours, even among other south Indians. The luxury of this saree lies in the fact that it is woven with real gold in the borders.
Keywords: Kasavu, mundu, Kerala, Gold, White
The government will give a discount of Rs 50 per gram under its gold bond scheme to investors who apply online and the payment is made through digital mode.
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As per a statement from the Finance Ministry, for digital investors using the digit mode for subscription, the issue price of a gold bond will be Rs 5,054 per gram of gold.
Otherwise, the issue price of the bond during the subscription period will be Rs 5,104 per gram.
In terms of an October 9, 2020, notification, Sovereign Gold Bonds 2020-21 (Series X) will open for the period January 11-15, 2021 with a Settlement date of January 19, 2021. (IANS)