RPG Enterprises President Harsh Goenka compared to buy gold against spending money on money on Wednesday, 23 April, cars, phone or other depreciation property like holiday, according to A Social media Post on X.
Sharing an example from his personal life, Goenka mentioned how he bought a car price 10 years ago 8 lakhs, and at the same time, his wife bought Gold worth 8 lakhs. Now, the price of the car over time has depreciated 1.5 lakhs compared to your wife’s gold, which is worth 32 lakhs.
“10 years ago, I bought a car 8 lakhs. He bought gold 8 lakhs. Car price today 1.5 lakhs. His gold? 32 lakhs, ”said Harsh Goenka In his post.
‘Let’s leave gold’
Goenka also mentioned how he urged his wife to go for a holiday instead of a single value value for a holiday. His wife, Mala Goenka replied that a holiday would only last in a moment, SleepWhich makes generations.
“I said, let’s leave gold, go on a holiday? He said, the holiday lasts for 5 days. Gold lasts for 5 generations,” Goenka said in his post on X.
Sharing another incident when the chairman of RPG Enterprises finished buying a phone 1 lakh, compared to buying gold compared to your wife. Electronic device value as dropped 8,000 compared to gold 2 lakhs.
“Ethical: Wives are clever,” Harsh Goenka In his post on X.
Gold prices
Precious yellow metal crashed in Wednesday’s futures commodity market session Multiple barter After the back-to-back session of profit.
June 2025 Gold futures for contract were 2.22 percent or trading 2,162 less 95,178 per 10 grams at 10:34 pm (IST), compared to 97,340 per 10 grams in the last market session.
Gold prices outlook
Jetten Trivedi, VP Research Analyst of Commodity and Mudra, said LKP Securities said that MCX Gold Seeing a sharp weakness, which reverse a short -term trend from its all -time high levels. April is highly unstable for precious yellow metal, and is expected to be within the futures 94,000 98,000, amidst high volatility.
“Gold prices saw sharp weakness, decline To settle at 1,500 95,800 on MCX, after an intraday low 94,950. It marks almost a steep sales Since 3 April, 2,500, pointing to a potential short -term inverted from the recent summit heights, ”he said.
“The month of April is highly unstable, trends with technical charts show early signs of tiredness. A rebound and comments in the $ 98.4 index Donald Trump India is weighed at a safe-horn premium of gold, pointing to potential tariff resolutions with India, Japan and China. As tariffs are easily in concerns, gold is getting some premium uncontrolled, ”said the commodities expert.
“Looking forward, expected to trade in a broad range between gold 94,000 98,000 is likely to remain of high instability. Traders are advised to maintain strict risk management, especially in such overseased market conditions, ”Trivedi said.
Disclaimer: The views and recommendations given in this article are of individual analysts. They do not represent the ideas of mint. We recommend investors to investigate with certified experts before taking any investment decisions.
