Nice problem to have!

If they are really insistent could you accept graciously and wear it now and then if you know you’ll be seeing them?

I disagree about it being a nice problem to have. I don't wear jewellery and certainly not gold, so being expected to wear it would be a pain.

I'd also be suspicious about their motives. Why is someone with money problems forcing expensive gifts on the OP? What do they want in return? Or is there some sort of money laundering going on?

Importing jewellery (easily concealed and transported without suspicion) and then asking the OP to look after it for them? Very odd.

Is this a cultural thing?

My friend has a huge stash of gold jewellery given to her by family members when she got married. If I'm with her and those cheesy turn your gold into cash ads come on - I give her a nudge. In fact if they come on she now holds her up and says 'DON'T' and her DH and I start laughing.

Accept it, sell it
But seriously, I'd be wondering why they were buying expensive presents when they can't really afford them.

Only on MN would a relative giving a gift of gold jewellery be viewed with suspicion as a possible money laundering enterprise 😂

Importing jewellery (easily concealed and transported without suspicion) and then asking the OP to look after it for them? Very odd.

You don’t need to conceal jewellery you purchase abroad (if indeed it was abroad - we don’t know) because it isn’t illegal to buy gold jewellery while on holiday.

And OP isn’t being asked to ‘look after’ it. It’s a gift. How would that possibly assist OP’s relative in money laundering?

Do you even know what money laundering is...?

Sometimes this site is gloriously nutso. Can’t wait for the earnest explanation of just how OP’s relative must be a criminal mastermind because they had the audacity to purchase a gift.

Oh, the 'you don't have this thing I think you should have so I must buy it for you' thing.

Older relatives in our family take our lack of household nick nacks etc as an invitation to gift them to us at any given opportunity. But the reason we have no ornaments, picture frames, cushions, candles etc is because we don't like them and don't want them.

I don't know the answer and it's hard fighting against practices that are culturally ingrained. Such a shame that people who can't afford it feel they have to buy the gold for you.

Could you say that you don't feel comfortable keeping it at home due to the risk of burglary? Where I live, families of South East Asian origin have been the target of gangs of burglars because it is known that they often have lots of gold in the house .