India’s Midas magnate orders shirt of pure gold for birthday
What do you buy the man who seems to have everything? A textile magnate in India could have the answer
What do you buy the man who seems to have everything?
A textile magnate in India could have the answer, Pankaj Parakh is gifting himself with a new shirt for his 45th birthday on Friday – a solid gold shirt that reportedly weighs more than four kilos.
According to local media, the gold shirt turned heads as he walked through the streets of his home town of Yeola, near Mumbai, this week.
According to the Daily Mail, Parakh said that the gold used is of 18-22 carat purity but is as comfortable as a regular shirt due to a thin lining of cloth on the inside.

“It is easily washed and can be hung up to dry just like a normal piece of clothing, and a good a lifetime guarantee with it so that if it’s torn or damaged it will quickly be repaired,” added Parakh, according to the Daily Mail.
“I have always been fascinated with gold since I was five-years-old and studying in school. Over the years, that interest has become a real passion. So it was logical that I would want to make my 45th birthday a golden affair,” he added.
The shirt reportedly has seven solid gold buttons and was worn by the magnate this week after he collected it from the Shanti Jewellers at Parel in Mumbai.
-
Gold steadies below 2-month high as global shares inched lower
Spot gold was up 0.1 percent at $1,315.95 an ounce by 1424 GMT Financial Markets -
Saudi Arabia to excavate 500,000oz of gold
Maaden is also considering introducing downstream operations to the Madinah regio Economy -
Gold prices drop to 3.5-month low on strong U.S. data
Prices at lowest since early Feb. as Chinese demand fails to pick up Financial Markets -
Barclays fined for handling of gold prices
The Financial Conduct Authority imposed a 26 million pound ($43.7 million) fine on Friday Economy -
Kylie Minogue demonstrates her ‘sexercise’ moves on TV
The Australian superstar wore black a pantsuit covered in love hearts and gold heels while showing off her moves using an exercise ball Variety -
Gold drops on technical, bright U.S. economic data
Gold breaks below $1,300 psychological level, while Platinum, palladium retreat after 3-day rally Banking & Finance -
Gold industry shifts east as Dubai plans huge refinery
Key industry activities such as refining and clearing remain dominated by Europe and the United States Financial Markets