The fast withdrawal against the dollar

(Gujarat News Office) Mumbai, Ta. September 21, 2019, Saturday

With no signs of an end to the trade war between the United States and China, gold prices in the world market spiked over the weekend, resulting in the closing price of these precious metals in the private market today. The local bullion market was closed for Saturday. There are indications that the trade war will be extended again, with the United States and Chinese government officials resolving a trade dispute soon after assuming talks and no decision is reached at the meeting. Chinese government representatives also shortened their visit to the United States.

Following the event, the gold prices in the world market went up in the weekend, resulting in the price of gold in the local market today, which closed at Rs 5 per gram yesterday. The price of gold went up by Rs. 5 to Rs. With GST, prices were up three per cent higher.

Silver was also lifted privately behind gold. Silver prices, which were yesterday hitting Rs 5 per kg, were up today by Rs 5 a barrel, market circles said. In the world market, gold prices surpassed $ 5 per ounce on week one.

While silver was trading at $ 5 per ounce, $ 5. The surge was triggered by uncertainty over the Sino-US trade war. He held the meeting early, as some of the US conditions in the officials' meeting were not valid to China.

On the other hand, gold was also reported as Iran was going to conduct military exercises with China and Russia. Fears of a trade volatility hit crude oil prices. The calculation of the impact of crude oil demand from the trade war reduced prices to Brent's $ 5 a barrel and Niemax's $ 5 a barrel.

Meanwhile, the announcement of a reduction in corporate tax by the Government of India has led to reports that the government's fiscal deficit may rise further, and the rupee has weakened against the dollar. On Saturday, the dollar was hiked between Rs 5 and Rs 5 in private. On Friday, the dollar closed at Rs.