Udaipur, February 6, 2025 - The Indian stock market has been volatile since the last few days, disappointing investors but surprisingly, the bullion market is shining like gold. Gold prices are setting new records every day, touching new peaks. And the jump each days is substantial.

While at the beginning of January this year, the price of gold was around Rs 79,300 rupees per tola, yesterday, February 5, the price touched Rs 86,200 per tola jumping from Rs 85,600 per tola from the previous day. This price, according to the Rajasthan Bullion Association is a record in itself.

In the past month, the price per tola has increased by Rs 7,000, and in the last 10 days only, the rate has surged by Rs 3,500.

At the beginning of January this year, the price of gold was around Rs 79,300 rupees per tola. On January 9, it tested Rs 80,000 per tola and by January 23, the price had crossed Rs 82,000. The increase did not stop there; on January 29, it surpassed Rs 83,000 and a couple of days later, on January 31, it reached Rs 84,000.

At the start of February, on the first day of the week, gold prices set a new record, reaching Rs 85,000 per tola, and it continues to rise.

What is driving the gold rallly? Gold price always does well whenever interest rates fall. There are three key factors that have caused the gold price to rise over recent months: interest rates, RBI purchases and global uncertainty. Additionally, the trade war between the US and China are making investors turn to gold purchase as a safe-haven asset.

With Media Inputs