Narrated AbuHurayrah: The Prophet ﷺ said: If anyone wants to put a ring of fire on one he loves, let him put a gold ring on him: if anyone wants to put a necklace of fire on one he loves, let him put a gold necklace on him, and if anyone wants to put a bracelet of fire on one he loves let him put a gold bracelet on him. Keep to silver and amuse yourselves with it.
The Prophet ﷺ was always mindful of how people spend their money and he wanted us to use it wisely so that we can benefit from it in the long run. He encouraged us to show our appreciation for those we care about by giving them something special like gold jewelry which will last longer than other items. This hadith also reminds us of the importance of moderation when it comes to spending money on things like jewelry or other luxuries so that we don’t waste our resources unnecessarily.