Ahmedabad gold bullion strike up 10 grams at Rs. A record of 43,850

Ahmedabad. February 21, 2020, Friday

The bullion market was seen to have a direct effect on the rise of gold in the global markets, as the global recession was dominated by various adverse factors.

In Ahmedabad bullion jar, gold is expected to touch Rs. With a spring surge of 850, it was Rs. Reached a record high of 43,850. On the other hand, the rupee lost 72 heading into the closed market.

Global markets are predicted to slow down as the global recession worsens, with various agencies affecting China's deadly virus spreading to China. Other adverse factors have also had a negative impact on the global economy.

Thus, with the global recession dominating, hedge funds, including hedge funds as well as investors turning to gold as a substitute for investor safe investment, called for $ 1635. While silver was trading at $ 18.60. Impact of dollar imports of precious metals raised in the global market also affected prices.

Following these reports, gold (99.9) at Ahmedabad Bullion Market today stood at Rs. The 850 jumped to a record level of 43850. While gold (99.5) was Rs. The 43700 remained strong. Silver also traded at Rs. The 700 level jumped to 49,000 and remained strong at 49,200.

Meanwhile, the dollar index has risen to 100 near the basket of currencies, the highest level since 2017, as the global recession intensified, and demand for the dollar globally increased. Thus, dollar currencies in the global currency basket fell today to 72.06 against the US dollar, losing Rs. Which was turning around 72 in the late evening.