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Journalism of Courage
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 in India, with one saying, “This is why India never treated gold as an investment — it was insurance before finance existed. Quiet, generational wealth preservation.” Another user commented, “Out of the syllabus for the middle class. For the buyers of fortuner , BMW , land rover. these are just numbers and hence they don’t care.”
“Stupidity of waiting to be rich and always living poor,” a third user noted.
On Monday, gold prices saw an upward trend across all purity levels, with the consistent price rise displaying growing demand and market fluctuations influencing gold valuations. The price of gold continues its upward trend in the domestic market. As of today, 24K gold is priced at Rs 12,540 per gram, marking an increase of Rs 32, while 22K gold stands at Rs 11,495 per gram, up by Rs 30, and 18K gold is priced at Rs 9,405 per gram, showing an increase of Rs 24.
