Anupam Mittal praises his father-in-law's idea for his wife's 4X jump in investment

Anupam Mittal might be known for his sharp business instincts, but this time, it’s his father-in-law who stole the spotlight with a golden idea—literally. The founder of Shaadi.com and a Shark Tank India investor recently admitted that his wife’s 4X increase in investment came from following her father’s advice, something he had initially disagreed with. And the twist? It all came down to investing in gold—an asset Anupam once dismissed as “dead money.”

In a chat with Pinkvilla, Anupam shared how his wife, who had worked all her life and saved diligently, chose to invest her money in gold on her father’s suggestion. At the time, he wasn’t convinced. He recalled teasing her about putting money into an asset that “just sits there” without returns or compounding. But years later, he confessed with a laugh that her investment had now grown nearly four times in value. “Now I don’t even know how to tell people not to invest in gold,” he joked, calling himself “a little embarrassed” but happy to be proven wrong.

Reflecting on the current global climate, Anupam added that gold has once again proven its worth amid geopolitical shifts and the world’s move from “soft currencies to hard, asset-backed ones.” He said, “Gold is always a good idea. It never really loses its shine.”

But while gold earned his respect, Mittal also used the opportunity to talk about long-term wealth creation through disciplined investing. He said that anyone who consistently invests in the Indian stock market via SIPs over 20 to 30 years can become a billionaire—even without fancy strategies or stock-picking. Calling compounding “magical,” he explained that with patience and time, “Rs 100 crores or $10–20 million can grow into something far bigger.”


The rise in gold prices
Gold surged past the $4,000 per ounce mark for the first time this week, soaring 53% in 2025 and setting up its strongest annual performance since 1979. The metal’s surge has also been bolstered by massive central bank purchases since 2022, when the U.S. froze Russia’s foreign reserves. Global banks have since accumulated record gold reserves—1,080 tonnes in 2022, 1,051 tonnes in 2023, 1,089 tonnes in 2024, and 415 tonnes already in the first half of 2025..Traditionally, gold shines when investors worry about inflation, economic slowdowns, or financial turmoil. Yet this year, it’s rising alongside global stocks and bitcoin—a rare alignment—driven by optimism over U.S. rate cuts and growing doubts about the dollar’s dominance as the global reserve currency.

The rally is also fueled by political and economic factors. The AI boom has pushed Wall Street to record highs, prompting concerns of a bubble, while President Donald Trump’s heavy spending, tariff plans, and criticism of the Federal Reserve have weakened confidence in Treasuries and pushed the dollar down 10% against major currencies. With the IMF and Bank of England warning about potential risks from AI-fueled market exuberance, investors are increasingly turning to gold as a hedge against volatility.

Jefferies, in its latest report, noted that gold’s 53.9% year-to-date rally follows a 27.2% gain in 2024, marking a near-vertical climb. While the firm cautions that a short-term correction is likely due to heightened and overbought conditions, it maintains a bullish long-term outlook—urging investors to buy on dips.