Gold’s rapid price appreciation proves it’s a time-tested asset, but here’s why you should not go overboard with the yellow metal

When gold soared past the eye-watering asking price of Rs.1 lakh per 10 gram on 22 April, it wasn’t the star fund managers who were smiling. Many investors were caught offguard by its meteoric rise. The real winners? The perceptive mother, the shrewd grandmother, and the frugal housewife in Indian households. As Uday Kotak, Founder and Director, Kotak Mahindra Bank, put it on X, “The performance of gold over time highlights that the Indian housewife is the smartest fund manager in the world.”

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