The ongoing rise in gold has surprised. RPG Group Chairman Harsh Goenka has made an interesting post on social media platform X regarding the rise in gold. Gold reached a new high on October 13. Gold has made investors rich in the last 3-4 years. It has given 180 percent return in 3 years. Its returns so far in 2025 are more than 50 percent.
Goenka posted on X
Goenka has posted on social media platform X. In that, in the past years gold The rise in prices has been explained in an interesting manner. He told that in 1990, the price of one kilogram of gold was equal to a Maruti 800 car. In the year 2000, the price of one kg of gold became equal to Maruti Esteem. The price of one kg gold in 2005 is equal to the price of Toyota Innova, in 2019 the price of BMW is equal to the price of Land Rover in 2025.
You can buy Land Rover with one kilo of gold
In his post, Goenka has advised to take some lessons from the ongoing rise in gold prices. He said that if you have one kilo of gold, then in 2023 its value will be equal to the price of Rolls Royce. In 2024, the value of one kg of gold will reach equal to the cost of a private jet. Currently the price of 24 carat gold in India is around Rs 1,25,40,000 per kg. Land Rover price in India ranges between Rs 63.7 lakh to Rs 4.25 crore.
Gold made a new record on MCX on October 13.
Gold futures reached new highs on October 13. Before Dhanteras and Diwali, the stormy rise in gold continues. In India, buying gold on Dhanteras and Diwali is considered auspicious. There are many reasons for the unexpected rise in gold this year. The most prominent among these is the trade war between America and China. US President Donald Trump has announced to impose 100 percent tariff on Chinese goods from November 1. He has said that he will also ban the export of software made in America.
Advice to investors to hold gold
On October 13, gold futures on MCX rose by more than 2 percent to Rs 1,23,977 per 10 grams. Swapnil Aggarwal, director of VSRK Capital, agreed with Goenka’s calculations. He advised investors to keep gold with them. He said that those who have not started investing in gold till now, can invest in it through systematic investment plan. Investment can be started even with a lower amount than SIP.
This way you can invest in gold with small amount
He said, “If you have to invest Rs 100, you can divide it into 10 transactions of Rs 10 each. Suppose you invest Rs 10 in gold when it is Rs 1,25,000 per 10 grams and in silver when it is Rs 1,53,000 per kg. If silver falls by 5-10 percent, you can invest another Rs 10-20. You will just have to wait and see if the prices rise. The strategy is based on the principle that when demand is high and supply is low, prices rise. “