Gold prices are breaking records everywhere, and one Indian businessman believes this is just the beginning. If his prediction turns true, by 2040, one kilo of gold could buy a private jet.
From a small car to a luxury aircraft
Indian industrialist Harsh Goenka, the chairman of RPG Group, shared an interesting comparison between gold and car prices over the years. In 1990, one kilo of gold was worth the same as a small Maruti 800 car. Today, it’s roughly equal to the price of a Land Rover. And by 2040, Goenka believes the same gold could be worth as much as a private jet.
He wrote, “If you save one kilo of gold today, it could equal the price of a Rolls-Royce by 2030 and a private jet by 2040.”
The statement has caught the attention of investors and economists across South Asia.
Nepal’s gold rush continues
In Nepal, gold prices are also climbing fast. According to the Federation of Gold and Silver Dealers Association, the price has crossed Rs 2,48,000 per tola — the highest ever recorded. Compared to last year, gold prices have risen by more than Rs 50,000.
The timeline of gold vs car value
1990: 1 kg gold = Maruti 800
2000: 1 kg gold = Maruti Esteem
2005: 1 kg gold = Toyota Innova
2010: 1 kg gold = Toyota Fortuner
2019: 1 kg gold = BMW
2025: 1 kg gold = Land Rover
2040 (expected): 1 kg gold = Private Jet
This comparison paints a picture of gold’s steady power over time — turning from a simple ornament to a symbol of immense wealth.
Why gold keeps climbing
Experts say three major factors are behind the rising gold prices in Nepal and beyond:
- Festive demand – Tihar and Dhanteras seasons drive massive gold purchases.
- Global tensions – Conflicts in the Middle East and trade issues between the US and China push investors toward safe assets like gold.
- Central bank buying – Many central banks, including Nepal Rastra Bank, are adding more gold reserves to reduce reliance on the US dollar.
What’s next for gold?
Major investment firms, including Goldman Sachs, predict that gold could reach $5,000 per ounce in the coming years. If that happens, the price in Nepal could cross Rs 300,000 per tola.
Analysts believe gold will continue to serve as a safe and long-term investment. As Harsh Goenka says, “Gold isn’t just jewelry — it’s protection for your wealth.”
And if the global trend continues, his prediction that one kilo of gold could equal the price of a private jet by 2040 may not be far from reality.
