India, April 22 -- Amid the rising surge in global gold prices, Uday Kotak, Founder of Kotak Mahindra Bank, recently shared a thought-provoking post on social media platform X, crediting Indian housewives for their long-standing trust in gold.

The 66-year-old billionaire remarked, "The performance of gold over time highlights that the Indian housewife is the smartest fund manager in the world. 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!"

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Check out the post here:

Kotak's post has garnered over 19,000 v...