Gold rises 23.75% in first half of 2020

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Ahmedabad. 30 June 2020, Tuesday

During the first half of the calendar year 2030, gold has risen by 7.5 per cent. At this time, gold was worth an incredible Rs. The surface of 30,000 has also jumped. On the last day of June, in the Ahmedabad gold-silver market, gold is still trading at Rs. It closed at a record high of 30,500.

Market insiders said that the strength of the dollar in the currency basket as well as other adversities, including the Corona epidemic, has led to a steady rise in gold prices as people turn to gold as a safe investment amid uncertainty globally.

On the other hand, Powell, the chairman of the US Federal Reserve, had just two days ago voiced uncertainty for the world superpower American economy. He made it clear that the government's response to the Corona epidemic would have an impact on the economy.

Thus, gold outperformed all assets in the uncertainty that emerged during the first half of 2020. During the period, it had risen by 7.5 per cent. During the period, global gold prices hovered between ૭૪ 150 and 150.

Speaking of the domestic market, during this time in the Ahmedabad gold-silver market for the first time gold jumped to the level of Rs 30,000 to Rs. Reached a record level of 30,800.

Ahmedabad Gold-Silver Market Ta. On January 1, gold was trading at Rs. 30,700 which is Rs. It closed at 30,400.


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