KG Gold: Once a Maruti 800.. now a Defender
This example is a testament to how much gold prices are rising. In 1990, a Maruti 800 car could be purchased for the price of a KG of gold (Rs. 3.2 lakhs). In 2005, an Innova car could be purchased with the money that a KG of gold would buy, and in 2010, a Fortuner car. Now, with the price of a KG of gold at Rs. 1.17 crore, there is a lot of talk that a Defender can be purchased with this, and a Rolls-Royce car will be available in 2030. This is why many consider gold to be a strong investment.
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