Gold is an Inflation hedge, Not A Wealth Builder.
Gold or gold ornamental would not able to multiply wealth in the way
anyone want. Gold is only an inflation hedge and not a wealth builder.
To build wealth, you need to invest in equity. The best way to do is
through (Systematic investment plans (SIPs) in diversified equity funds.
If you do a SIP of Rs. 10,000 per month for next 10 years, at 18%
annualised return, anyone would be able to accumulate a corpus of Rs.33 lakhs
Anyone need to either increase the SIP amount or the investment tenure to
achieve the retirement goal.
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