‘indian Women Didn’t Hoard Gold…’: Harsh Goenka Salutes The Silent Portfolio That Beat It All

As golden prices breach nan ₹1 lakh people for nan first clip successful India, a quiet finance strategy, agelong practiced by Indian women, is abruptly looking for illustration genius. 

Harsh Goenka, Chairman of RPG Enterprises, underscored it successful a post: “Indian women didn’t hoard gold. They softly built nan country’s astir accordant finance portfolio. While men chased stocks, startups, and nan latest trends, Dadi opened her locker, hit nan marketplace — and reminded america of nan innate contented that sparkles brighter than golden itself.”

On Tuesday, nan value of 24-karat golden deed ₹1,00,000 per 10 grams successful Mumbai’s bullion market. The 22-karat version followed adjacent astatine ₹91,600. 

The surge tracks world trends—international golden prices soared to $3,486.85 per troy ounce—as financial markets reeled from US President Donald Trump’s threat to overhaul nan Federal Reserve.

Gold has gained astir 59% since March 2024. A weakening US dollar, driven by investor worry astir inflation, tariffs, and Trump’s progressively confrontational stance connected nan Fed, has accelerated nan unreserved towards nan yellowish metal. Trump’s repeated disapproval of nan Fed, and his threat to sack its chair, triggered a illness successful investor confidence, sending nan dollar to its lowest since 2022.

Experts opportunity nan resulting uncertainty has boosted gold’s entreaty arsenic a unchangeable shop of value. Meanwhile, cardinal slope buying—particularly from China—has added further momentum.

India, nan world’s second-largest golden marketplace aft China, saw request climb to 802.8 tonnes successful 2024, up from 761 tonnes nan erstwhile year. In worth terms, golden depletion jumped 31% to ₹5.15 lakh crore, according to information from nan World Gold Council.

In Indian households, golden has agelong served arsenic much than ornamentation. It’s often pledged to money aesculapian needs aliases acquisition expenses. Experts judge economical slowdown successful caller months has driven a emergence successful golden loans—made moreover much accessible by fintech platforms and integer lenders expanding into smaller towns.

Published on: Apr 22, 2025 6:13 PM IST