As Diwali, the Festival of Lights and one of the biggest religious days in the Hindu calendar, approaches, Tatler uncovers the celebration’s deep-rooted connection to prosperity, abundance and spiritual wealth
This year, the surge in gold prices in 2025 has been remarkable, fuelled by geopolitical tensions and expectations of US interest rate cuts. According to Reuters, gold hit over US$ 4,300 an ounce in mid-October, marking a five-year best, with HSBC forecasting a rise to US$ 5,000 per ounce by 2026. Despite these highs, festive demand remains robust; Indian consumers reportedly spent approximately HK$ 96 billion on gold and silver during Dhanteras-Diwali, per the Times of India.
Gold jewellery demand faced a slight dip due to high prices, but overall spend rose sharply as buyers shifted to coins and bars, opting for smaller, lighter pieces amid soaring rates, as noted by industry experts and Reuters. Digital gold has also opened new access points for a wider audience.
Diwali symbolises the triumph of light over darkness, says Ganga Gargi Aggarwal of Energetic Essence Co. She shares that jewellery is “a vessel of divine energy,” carrying spiritual weight beyond aesthetics. Gold’s purity and association with Goddess Lakshmi reinforce its cultural and ritual significance, marking new beginnings.
Tatler sits down with Aggarwal to uncover how Diwali goes beyond external customs to a personal journey of illumination, where jewellery embodies hope, abundance and divine connection. This perspective enriches understanding of gold’s role in one of Asia’s most economically and spiritually significant festivals.
See also: Why Diwali, the festival of lights, begins with an investment in gold
How do mythical tales connect jewellery to Diwali?

Diwali is steeped in rich mythology, with numerous stories highlighting its significance. Aggarwal says, “There are so many stories attached to Diwali. It is not just about Lakshmi; who is the goddess of wealth, there’s also Lord Dhanvantari, who represents health and abundance.” She also mentions the well-known tale of Lord Rama’s return to Ayodhya after defeating the demon Ravana, “symbolising the victory of light over darkness, and that’s why we light diyas during Diwali”.
One of the lesser-known mythical stories associated with Diwali involves Mahalakshmi and a humble farmer. Aggarwal says, “Mahalakshmi and Lord Narayan once visited Earth with the condition that she would not look southward or engage in earthly pleasures. While wandering through a mustard field, Mahalakshmi became captivated by its beauty and inadvertently looked south, walking toward the farmer’s home.
“As a result of this transgression, Lord Narayan declared that she would stay on the farm for a year and help out. During this time, the farmer experienced a remarkable increase in prosperity due to Mahalakshmi’s presence. When the year concluded, Lord Narayan returned to take her back, but the farmer pleaded for her to remain, believing she was his lucky charm.
Mahalakshmi then revealed her true identity and promised to visit him annually, provided he honoured her. Each year, the farmer would declutter his home, light diyas, and decorate with fragrant flowers to welcome the goddess, who praised him for his devotion.”
This story underscores the significance of cleaning one’s home during Diwali. Aggarwal states, “By honouring Mahalakshmi through rituals and offerings, we can invite abundance into our lives.”











