Harssh Goenka shares ten years of investment lessons about buying car and gold, says 'Women is smarter ...' | Einsmark news

RPG Enterprises chairman Harsh Goenka on Wednesday, April 23, compared to buying gold against money spent on other depreciation assets such as a car, a phone or a holiday, according to a social media post on X. By sharing an example from his personal life, Goenka mentioned how ten years ago a car worth £ 8 lakh. The value of the car over time wrote off to £ 1.5 lakh, compared to the gold of his wife, worth £ 32 Lakh. ’10 years ago I bought a car for £ 8 Lakh. She bought gold for £ 8 lakh. Today is the value of £ 1.5 lakh. Her gold? £ 32, “the loud Goenka said in his post.” Let’s skip Gold “Goenka also calls him encouraging his wife to go on holiday, instead of buying gold worth the same value. His wife, Mala Goenka, replied that a holiday would only take a moment, compared to gold,” I said. She said: Holiday lasts 5 days. Gold lasts five generations, ”Goenka said in his post on X. Share another incident when the chairman of the RPG Enterprises finally buys a phone for £ 1 lakh, compared to his wife buying gold. The value of the electronic device dropped to £ 8,000 compared to the gold at £ 2 lakh. Precious yellow metal crashed on Wednesday’s term commodity market session on the Multi Commodity Exchange after a back-to-back session of profits. Market session. stretch, amid high volatility. ‘Gold prices saw a sharp weakness, and it fell by £ 1,500 to sit down at £ 95,800 on MCX after scoring an £ 94.950 intraday low. This is a sharp sale of nearly £ 2500 since April 3, indicating a possible short-term of the recent peak highlights, “he said. “The month of April remains very volatile, with technical cards showing early signs of exhaustion of trend.” A rebound in the dollar index of 98.4 and the remarks of Donald Trump had a tip on potential tariff resolutions with India, Japan and China, and saw a premium-unwinde premium. “Looking forward, gold is expected to trade in a broad range of between £ 94,000 and £ 98,000, with an increased volatility that is likely to continue. Traders are advised to maintain strict risk management, especially in such overlay market conditions,” Trivedi said. Disclaimer: The views and recommendations given in this article are those of individual analysts. This does not represent the views of coin. We advise investors to check with certified experts before making investment decisions. First published: 23 Apr 2025, 23:18 IST