Gold Prices Near Rs 1 Lakh: Uday Kotak Calls Indian Housewives “Smartest Fund Managers”

Gold prices are soaring high in 2025, grabbing attention across the country. As 24-carat gold comes close to Rs 1 lakh per 10 grams, banker Uday Kotak made a powerful statement online that sparked a lot of conversation.

What Did Uday Kotak Say?

In a post on X (formerly Twitter), Kotak wrote:
“The Indian housewife is the smartest fund manager in the world.”
He praised Indian women for their traditional habit of buying gold over the years, calling it a wise financial move. He also pointed out that even governments and economists could learn from this age-old practice of saving in gold.

Why Are Gold Prices Rising?

In 2025, gold prices have already gone up by more than 26%.

Here’s why:

• Global trade tensions are growing.
• The U.S. economy may face a slowdown or recession.
• Central banks, especially China, are buying more gold.
• Experts expect the U.S. Federal Reserve to cut interest rates.Goldman Sachs, a major financial firm, even predicted that gold could reach $3,700–$4,500 per ounce by the end of the year!
• Goldman Sachs, a major financial firm, even predicted that gold could reach $3,700–$4,500 per ounce by the end of the year!

Current Gold Prices in India

• 24-Carat Gold: Around Rs 98,420 per 10 grams
• 22-Carat Gold: Close to Rs 90,150 per 10 grams.

These are some of the highest prices ever seen in India.

Why Do Indians Love Gold So Much?

In India, gold is not just a metal—it’s a part of culture, emotion, and security.
From weddings to festivals, gold is always present. Many families see it as a safety net during financial troubles. While some see it as tradition, others now see it as a smart investment that protects their savings from inflation and market risks.

Final Thoughts

Whether it’s instinct or wisdom, the love for gold has worked well for Indian households in 2025. As prices rise, so does the respect for the golden choices made by Indian women over the years.