Uday Kotak hails Indian housewife as ‘smartest fund manager’ as gold hits Rs 1 lakh

Gold is once again in the spotlight as Uday Kotak, Founder and Director of Kotak Mahindra Bank, along with other prominent global voices, reaffirmed its enduring value. Kotak emphasized the resilience of gold as an asset and praised the instinctive investment acumen of Indian households, as prices rally to touch the Rs 1 lakh per 10-gram mark.

“The performance of gold over time highlights that the Indian housewife is the smartest fund manager in the world,” Kotak wrote in a post on X (formerly Twitter) on Tuesday.

He contrasted this wisdom with the actions of global policymakers, adding:


“Governments, central banks, economists, who support pump priming, high deficit funding, may need to take a leaf from India, a net importer of store of value forever!”


Kotak’s remarks come at a time when gold prices remain firm amid persistent global uncertainty. His praise for Indian households’ preference for gold reflects growing concerns over fiat currency stability and mounting fiscal deficits in advanced economies.

Echoing a similar sentiment, Rich Dad Poor Dad author Robert Kiyosaki recently projected aggressive price targets for gold in the next decade. In an earlier post, Kiyosaki forecasted that gold could touch $30,000 per ounce by 2035.

“I strongly believe, by 2035, that one Bitcoin will be over $1 million dollars. Gold will be $30k and silver $3,000 a coin,” he said on X.

Kiyosaki’s comments come amid warnings about the U.S. economy, highlighting record-high credit card debt, rising unemployment, and pension fund instability.

“USA may be heading for a GREATER DEPRESSION,” he warned, urging followers to act swiftly. His long-standing advice: “Buy gold, silver, and Bitcoin.”

Kiyosaki emphasized that the current environment could be “the opportunity of your lifetime… to achieve great wealth and more importantly… financial freedom.”

As central banks continue diversifying their reserves and retail investors seek safer havens, gold’s role as a trusted store of value remains central to both macroeconomic debates and household investment strategies—especially in India.

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