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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.
Itching Palms and Money. There's an old superstition that when your palms itch it means money. An itching left palm means money to be paid out, while an itching right palm is money coming in. To stop the left palm from itching, the superstition says to rub the palm on a piece of wood. There may be something to this old tale, since itching palms often show new internal energy moving through the hands.