Both assets have a vital role in building long-term wealth in India. (Photo: Freepik) Show Quick Read Summary is AI Generated. Newsroom Reviewed

In the Indian household, few investments evoke as much tradition and debate as gold. It has been the go-to investment option for generations of savers. Yet, in the digital age of SIPs and demat accounts, mutual funds have emerged as the modern darling for wealth building.

What if we rewind to early 2020: a time when the world was reeling from the onset of COVID-19 and uncertainty reigned supreme? Imagine you had Rs 1 lakh to invest on Jan. 1, 2020. Would you have tucked it into gold or diversified it across equity mutual funds?

At the start of 2020, 24-karat gold cost approximately Rs 3,920 per gram. An investment of Rs 1 lakh would have f

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