For the first time in Ahmedabad, the price of gold was Rs. 43000 crosses

Ahmedabad. February 20, 2020, Thursday

Gold in the Ahmedabad bullion market is rising here due to the global economy slowing down in the global economy amidst other adversities including corona virus. 100 bucks and Rs. Reached a record level of 43,000.

However, the important thing is that the prices of gold in the country's capital, Delhi and the financial capital of Mumbai, are much lower than in Ahmedabad. There were also reports that gold was moving towards $ 1700 in the global market. However, there was no change in the price of silver today after the fluctuations.

The deadly corona virus transmitted to China is slowing the global economy. On the other hand, other disasters that have already spread have also become dominant in the recessionary environment affecting the global economy. In a downturn in a downturn, global market funds and investors are hesitant to invest in other assets.

Under these circumstances, funds and investors in the global market are turning to safe investment in gold. After that, the global market jumped $ 1600 to $ 1640.50.

Silver was up $ 18.36. According to reports received late in the evening, global investment banker City Group predicted gold to touch $ 2000 in the next two years with the closed market moving toward $ 1700.

Gold ETFs' investment in global markets has reached an all-time high, with gold investments being reinforced by a global recession. So India's investment in gold ETFs has reached a seven-year high.

Following the above reports, the new take on the Ahmedabad bullion market closed at Rs. It reached a record high of 43,000, surpassing the 100 mark.

At the end of trading today, gold (99.9) closed at a high of 43,000. While gold (99.5) was 42,850 and silver Rs. It closed at 48,500. In the bullion market, gold closed at 41,742 today, while it closed at 40,650 in Delhi.