Renowned investor Vijay Kedia has urged market participants to look beyond the recent surge in gold and silver prices, labeling the precious metals as “lifeless money” that lacks creativity or productivity. His remarks come at a time when bullion prices have touched record highs, drawing investor interest away from equities.

Kedia emphasized that while gold and silver serve as stores of value, they do not generate wealth or innovation in the same way as businesses and equities do. “Gold and silver are lifeless money. True value creation happens when money works through creative enterprises,” he stated.

Meanwhile, Kedia continues to fine-tune his ₹1,292 crore equity portfolio, making selective additions and trims across holdings. The move reflects his ongoing conviction that equities remain the most effective vehicle for long-term wealth generation despite short-term volatility.

His comments resonate with a broader market narrative, where investors are reassessing asset allocation amid inflation concerns and global uncertainty.