Gold Prices Soar: Tola Reaches Rs 1.5 Lakh Amid Global Uncertainty

• Gold prices surged significantly today, with a tola of pure gold now costing Rs 1,42,150, and up to Rs 1,50,000 including GST and making charges.
• In Hyderabad on January 12, 24-carat gold increased by Rs 1,690, and 22-carat gold by Rs 1,550 per 10 grams.
• Silver prices also jumped, with a kilogram reaching Rs 2,87,000, an increase of Rs 12,000 today.
• Global economic uncertainty, geopolitical tensions (Iran, Russia-Ukraine war, Venezuela, Greenland), and weaker US job figures are driving demand for safe-haven assets.
• Gold prices have risen by 70% globally and 77% in the Indian domestic market this year, outperforming the Nifty 50 index.

Why It Matters: Gold and silver prices hit record highs due to global uncertainty, making safe-haven assets highly sought after.