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We gave them a grandchild a year later. Kidding kidding. Sort of.
My parents hosted multiple wedding-related events at their house and we got them 2 different gifts (because the events were spread out): a tasting at a Michelin-starred restaurant (something they would never get for themselves) and later Sonos system for their house. Same age as your parents.
We originally got the tasting for just the 2 of them but they asked us to join them. Parents usually just want to feel cool and spend time with you, so I recommend including yourselves if you go this route!
Helpful - thank you!
My parents were similarly generous. We picked a driving distance luxury boutique hotel and got them a gift certificate for some time away. They could put the amount towards defraying the cost of multiple nights (probably would get them 1.5-2.5 nights), or to one night plus fancy dinner at the hotel’s restaurant.