Gold, silver eclipse: Corruption postponed: stock market collapses

Ahmedabad traders discontinue trading, crude, commodity markets, metal markets

Global markets sell off lucrative deals to pay for damages

Ahmedabad, Mar 16, 2020, Monday

With the rapid spread of corona virus globally, the US is on the cusp of a global recession, with epidemics proving to be an epidemic. Gold and silver were also hit in the domestic markets following pressure from the global market to push the selling of precious metals in the wake of reports that the Federal Reserve had announced a stimulus package to boost the economy by boosting bond prices and boosting the economy.

Here in Ahmedabad gold and silver market, gold is Rs. 1,000 and in silver Rs. Traders of the Ahmedabad gold and silver market broke loose from work after 3pm in the wake of a massive brace of 3000. This led to speculation of Tarahateh in the market.

As the corona virus became rampant worldwide, it proved to be an epidemic with the death toll and the number of victims affected. Along with this, the global recession also fears the US will move fast. The Federal Reserve took immediate action to reduce interest rates in the United States. On the other hand, a stimulus package was also announced to boost the economy.

Gold prices rose initially after falling below the dollar index in the global markets, but as the rise proved, precious metals recovered sharply.

Funds were also sold extensively in the global market to pay for its losses and payment liabilities in the stock market. In addition to the gold bullion, silver prices fell further due to the decline in industrial demand in the global market amidst the coroner's corridor. As a result, the home market was also broken.

In the market today, gold prices of 10 grams without a GST of 99.50 were called at Rs 40875 late in the evening while Rs 39500 was called in the evening while 99.90 rupees were priced at Rs 4,1025 this evening while prices with GST were three per cent higher. Were. Meanwhile, gold prices in the global market today fell from $ 1575 to $ 1576, after falling from $ 1454 to $ 1455 in the evening.

Meanwhile, silver prices fell from $ 12.60 to $ 12.65 in the evening market today, when the silver price fell from $ 14.70 to $ 14.75 an ounce from $ 15.25 to $ 15.30. In the Mumbai market today, the price of silver was Rs 35000 to Rs 36,000 in the evening without the 999 GST of silver.

While prices with GST were up three per cent higher in gold and silver. Meanwhile, crude oil prices in the world market today fell 8 to 10 percent. New York crude prices fell below $ 30 a barrel today, $ 29.35 to $ 29.40 an evening, while Brent crude prices fell from $ 30.35 to $ 30.40 in the evening.

In the wake of the coronet, demand for crude and crude producing countries has hit a chord in crude oil in the world market. Meanwhile, platinum prices fell 11 percent to $ 672 to $ 673 this evening and palladium prices fell 12 percent to 13 percent from $ 1577 to $ 1578.

On the back of these reports, gold in the Ahmedabad gold and silver market today stood at Rs. It dropped to 41,500 when the 1000 hit. On the other hand, gold (99.5), too, was down 41,350. On the other hand, silver was Rs. Speaking of 3000, it lost 40,000 and dropped to 39,000.

All traders were relieved of their business after 3pm today, following a frenzied brawl in the Ahmedabad gold and silver market. None of the merchants used to receive their phones and if they did not at all refuse to trade, they would reply by calling 12.30 pm tomorrow for any transaction related to the transaction.

Thus, speculation of tehrateh arose in the market as the gold and silver traders of Ahmedabad, who were talking about gold and silver, were removed from business. As a result, there was an atmosphere of turmoil in the market. According to the market debate, two or three parties were reported to have drowned in the silver speculators.

At the silver bullion market, silver fell to Rs. It was down at 36,640, while gold (99.9) was at 39995 and gold (99.5) was at 39835.

Gold and silver along with other metals were also hit hard in the global market, with platinum crashing $ 104 to $ 661, palladium $ 266 to $ 1432 and rhodium $ 2800 to $ 7000.