Bodh Gaya, Jan 04 (ANI): Monks and devotees from across the world assembled at the holy shrine of Buddhists in Bodh Gaya in Bihar to offer prayers for world peace and tranquility. More than thousand monks from countries like Bangladesh, India, Laos, Cambodia, Thailand, Sri Lanka, Myanmar and Nepal are participating in the religious gathering. The 32nd Kagyu Monlam prayer ceremony is the pre-eminent event of the year for Buddhists. It is considered to be a great gathering of the highest teachers. Kagyu Monlam in Bodh Gaya was preceded by several days of extensive Mahakala practice. The ceremony is being conducted at the premises of sacred Mahabodhi Temple. During the ceremony, Buddhist monks chant teachings of Lord Buddha under the sacred Bodhi tree. The prayers will conclude on January 05.