- Thursday, April 25, 2024
By: Keerthi Mohan
AS with most festivals, exchange of gifts is a part of Diwali celebration. The Royal Mint, a government-owned mint that produces coins for the UK, offers 1g, 5g and 10g gold minted bars, which make the ideal gift to celebrate the festival of lights.
According to Nicola Howell, the Royal Mint’s director of precious metals, the festival has an impact on the global demand for gold.
Howell said: “Traditionally, an additional rise in the gold price during the month of September is often attributed to Diwali. With India being one of the world’s greatest consumers of gold, the precious metal features strongly in wedding decorations and traditions surrounding the festival.
“During these politically turbulent times, current global precious metals demand has also surged due to its ability to safeguard investments against market volatility.
“The Royal Mint offers 1g, 5g and 10g gold minted bars, which make the ideal gift to celebrate Diwali 2019.“
Gold coins, such as The Sovereign, are also a popular choice of gold purchase from The Royal Mint, said Howell.
For further information on The Royal Mint’s bullion ranges, visit: royalmint.com/diwali.
