US President Trump's sharp rise in global gold as Corona

(Commercial Representative) Mumbai, Ta. Friday, October 2, 2020

With elections looming in the United States, the world's largest economic power and the world's most powerful man, President Trump's coronation and his and his wife's test positive have created an atmosphere of uncertainty in the run-up to the election.

In such an environment, the price of gold in the global market as well as the safe haven of funds in the dollar, the rise in global gold prices today and the dollar index was seen to go higher. Sources in the jewelery market said that the price of gold and silver has risen again, citing festivals, as import costs have risen even in the back of the world market.

The price of gold per ounce in the world market jumped from 19 1900 to a high of 15 1915 to 16 1916 today. However, late in the evening, there were indications that prices had come down again.

Silver also rose by 24 24 an ounce to પાછળ 23.94 an ounce in the evening trade. Gold prices ranged from સાંજે 1900 to 1 1901 in the late evening. Platinum was quoted at 89 892 to 3 893 and palladium at 23 2317 to 18 2318 an ounce.

Gold prices were quoted at Rs 500 per 10 grams and silver at Rs 500 per kg in the Ahmedabad market today. Prices traded higher in Mumbai as well as in Calcutta, Delhi and Chennai markets. However, due to the Gandhi Jayanti holiday, trade in various cities was slowing down today.

The rise in gold prices in the current week was the biggest in the last two months, market analysts said.

After Trump, other US political leaders who have been in touch with Trump are now keeping an eye on how the corona test is coming. Meanwhile, US and European stock markets tumbled on Trump's instructions. Gold and dollars were raised against. In such an environment, crude oil prices fell by about five per cent in the world market today.

Crude oil was quoted at ડી 36.70 to. 36.75 a barrel in New York crude this evening, while Brent crude traded at 38 38.95 to 39 39.00 a barrel within 40 40. Meanwhile, the currency market has been keeping a close eye on how progress is being made in the recent proposed additional stimulus package in an environment where Trump will now stay away from the election campaign amid uncertainty ahead of the US election.