Gold has enjoyed a sharp rally, delivering over 52% returns in just one year. (Photo source: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed
RPG Enterprises Chairman Harsh Goenka on Sunday highlighted the timeless value of gold, noting that the precious metal has proved to be an incredible long-term investment tool. In a post on X, Goenka used a compelling comparison chart of iconic car models to highlight the rising purchasing power of 1 kg of gold over the past few decades.
He explained that in 1990, one could buy a Maruti 800 with 1 kg gold. By 2000, the same amount of gold could fetch a Maruti Esteem. In 2005, the value of 1 kg gold equalled the price of a Toyota Innova. By 2010, a Toyota Fortuner could be bought with the same amount of the precious metal