Published: 15 Jun 2018
A gift of gold for Eidi
Eid al-Fitr marks the end of Ramadan, the Islamic holy month of fasting. It is a day of grand celebration and joy among the Muslim community as they get to dress up in their best clothes, eat delicious food, and bond with family and friends.
On this special day, youngsters are gifted money as Eidi by older relatives and family members. Eidi is usually given as cash, but here are some reasons why the Indian Gold Coin (IGC) may be a more thoughtful gift.
- It is a symbol of national pride
- It is backed by the Indian government
- It has great economic and cultural value
- Its value only increases over time
- It can be an investment to safeguard one’s future
- It can be a lesson in investment for the younger generation
- It is BIS hallmarked, which is an assurance of quality
The Indian Gold Coin is available in denominations of 5 and 10 grams, whereas a bullion is available in a denomination of 20 grams. It can be bought from all major Indian banks in India.
While purchasing gold in any form, make sure to check the purity of the gold before purchasing it. The Indian Gold Coins are of 24 karat purity, 999 fineness. You can also opt for gold coins and bars, and even jewellery, available in different karats, or gift digital gold, gold ETFs, etc., an a gift or an investment.
This year, Eid al-Fitr will be celebrated on May 2/3 (Monday/Tuesday). Here's wishing you and your loved ones a joyous and blessed Eid!
Source:
