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1 Skin diseases like eczema and scabies can also cause red itchy palms. 2  Bumps and exfoliation of palmer skin is observed in these conditions. 3  Bacterial and fungal infection of palms can be a reason for itchy palms. 4  Dry skin of palms can be a reason for itchy palms.
A: An old and common superstition says that an itchy left palm means a sudden loss or gain of money. Some people have attributed financial wins to an itchy left palm. Naturally, superstitions are based on belief only and not fact.