Gold prices today, April 22 -- As the gold prices hit the coveted Rs.1 lakh mark in the Indian retail market, billionaire banker Uday Kotak hailed the Indian housewife, calling her 'the smartest fund manager in the world'.

"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!," said Kotak Mahindra Bank founder Uday Kotak in a post on social media platform X on Tuesday, April 22.

Gold prices crossed the Rs.1 lakh per 10 grams mark in the retail market on Monday evening, following MCX gold prices breaching the Rs.97...