In Udaipur, gold on January 25 touched Rs 82,700 per tola for the first time, marking the highest price ever in the city
Udaipur, January 27, 2025 – Recent uncertainties on the global front plus currency exchange rates and other factors have once again pushed gold prices to new heights, setting a new record. In Udaipur, gold on January 25 touched Rs 82,700 per tola for the first time, marking the highest price ever in the city. So far in January, gold prices have increased by more than Rs 4,000.
The price surge was triggered by US President Donald Trump’s call for interest rate cuts and the decline in the dollar index, which caused gold to reach a three-month high of $2,785 per ounce in international markets. As a result, gold prices in India also increased, crossing Rs 82,600 for the first time. In Udaipur, the price of 10 grams of 24-carat gold rose by Rs 400 to reach Rs 82,600. Today, January 27, the price of 24 carat gold in Udaipur was Rs 8,026 per gram.
The stock market volatility and uncertainty has also contributed to the growing interest in gold as an investment option. Gold bonds are becoming increasingly popular due to their guaranteed returns, which are more attractive compared to other investments like loans based on savings or lower-interest government schemes. Since interest rates on government savings schemes have decreased, people are increasingly inclined to invest in gold bonds, which offer a return of up to 100%. Since 2010, the return has been 225%.
Source: Media Reports
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