Chinese New Year Gold Meaning
It begins with the new moon so it starts on january 25 2020 and ends on.
Chinese new year gold meaning. In present day china gold sycees remain a symbol of wealth and prosperity and are commonly depicted during the lunar new year festivities. Higher demand leads to a tighter supply pushing up local gold price as a result. The local gold price premium also rises as chinese new year approaches.
On average the local gold premium during the six weeks prior to cny has been 65 higher than the annual mean during the past ten years. Chinese new year color meaning red gold. Red for good fortune and happiness together with gold for wealth are the auspicious colors of the new year.
The logic is simple. Paper imitations of gold or silver colored paper are burned along with hell money as a part of chinese ancestral veneration for tomb sweeping day and the ghost festival. Like easter in christianity chinese new year is a lunar festival.