Amid the striking surge in gold prices in India at the start of October, industrialist Harsh Goenka’s post has captured the attention of investment aficionados. In the post, Goenka noted the soaring price of gold over the past three decades and how a kilogram of gold might be equal to a Rolls-Royce by 2030. The same amount of gold would have bought you a Maruti 800 in 1990.
“1990: 1kg gold = Maruti 800, 2000: 1kg gold = Esteem, 2005: 1kg gold = Innova, 2010: 1kg gold = Fortuner, 2019: 1kg gold = BMW, 2025: 1kg gold = Land Rover, he wrote, adding, “Lesson: Keep the 1kg gold- in 2030 it may equal a Rolls Royce car and in 2040 a private jet!”
See the viral post here:
The post quickly gained traction, prompting a flurry of reactions. Several users shared their stance on the gold rates i