Pyrite has long been valued as a strong protection stone that shields the wearer from negative energy as well as environmental pollutants. Thus this stone helps promote physical well-being as well. Stimulating the second and third chakras pyrite enhances the strength of mind and willpower. Balancing energy and chakras: Pyrite is associated with balancing and aligning the energy centers in the body known as chakras. It is believed to help restore balance vitality and harmony. Wearing a golden pyrite bracelet may aid in balancing and activating the chakras promoting overall energetic well-being.