Ahmedabad set a new record in gold

(By Commercial Representative) Ahmedabad, Mumbai, Ta. 21 July 2020, Tuesday

Behind the world market, domestic silver has seen a sharp rise. In gold at Ahmedabad, Rs. A new record of Rs 31,000 was set. On the other hand, silver has seen a rise of more than Rs 2,500. Domestic silver has seen a seven-year high while the world market has seen a four-year high. Gold has seen a nine-year high in world markets. Silver continues to rise as the fund's debt to silver continues to rise. The rupee strengthened against the dollar in early trade.

At home, silver in the Mumbai market. The price of a kilogram, which was Rs 6 yesterday, jumped by Rs 200 to Rs 50 today. Along with GST, silver prices were quoted three per cent higher in the Mumbai market. In the Mumbai market, the price of gold per gram, excluding GST, which was Rs 7.30 yesterday, has gone up by Rs 5 to Rs 5. Gold was trading at Rs 80, up from Rs 215 at Rs 2.50. Prices with GST were quoted three per cent higher.

In Ahmedabad, the price of silver rose by Rs 200 per kg to Rs 200. Gold was quoted at Rs 30,600 per ten grams and gold at Rs 2.50 per gram.

Gold was at a nine-year high in the world market. Gold rose by ૮ 1,215 an ounce to ૮૨૭ 16 an ounce and silver by ૯ 18.50 an ounce to 20.8 an ounce. The other precious metal, platinum, rose by ૮૪૯ 8 to ડો 71, while palladium traded at ૨ 2111, up from 203 an ounce.

With the European Union announcing a ૭૫ 20 billion covid-package and the US Congress proposing એક 1 trillion in stimulus, these countries will have to print currency. This has led to fears of rising inflation.

Following this fact, investments in gold and silver are on the rise in the world market. The rupee strengthened against the dollar on rising domestic stock markets. The dollar had lost 15 paise to close at Rs 4.5. The pound gained 20 paise to Rs 2.7 while the euro lost 3 paise to close at Rs 4.5.

With positive reports coming in on the vaccine issue, crude oil is taking off. New York's main contract, light sweet crude for delivery in New York, rose to 6.10 a barrel in late trading, while Brent was trading at ૪૪ 4.50 a barrel.