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Gold Prices Rise 2025
April 28 , 2025
18 hrs 0 min
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- Gold prices are glittering above the Rs 1 lakh-level per 10 gm for the first time.
- The international prices surged after US President unveiled plans to overhaul the Federal Reserve.
- Gold prices in India generally follow international prices.
- Global gold prices continued to surge with rates crossing $3,400 an ounce even as the US dollar tumbled.
- Gold has gained nearly 59 per cent since March 2024.
- A weaker dollar boosts demand for gold, since it makes the metal more affordable to investors holding foreign currencies.
- India is the second largest gold market in the world after China.
- Gold demand in the country in 2024 stood at 802.8 tonnes, as against 761 tonnes in 2023.
- Hundred years ago, in 1925, the exchange rate of one U.S. dollar was ₹3.31 and Ten grams of 24-carat gold was sold at ₹18.75.
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