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Worth its weight in gold?

Piyush Goyal made a mistake, saying 1 kg of gold could be bought for Rs 50,000

Piyush Goyal
Union Power Minister Piyush Goyal
Business Standard
Last Updated : Aug 09 2017 | 11:17 PM IST
Those who do not shop for their wives may get confused with the prices of precious items. Power Minister Piyush Goyal (pictured) is no exception. At an event, he said one kilogram of gold could be bought for Rs 50,000. Realising his mistake, he said he got mixed up because he did not buy gifts for his wife. Probably, it would be just 10 gm of gold, he corrected himself. Actually, 10 gm of gold costs around Rs 28,000. This means the price for a kilo of gold comes to Rs 28 lakh.

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