HiGold price in today’s price collapsed in a nominal range. The rupee strengthened by 23 paise against the dollar in the domestic market in the domestic market against the dollar’s gains for the first time in a row. At Ahmedabad, gold was hit by a nomadic range of 35000 and silver 38000 quote. When the gold in Mumbai was 34165 and silver was 37945. In the futures market with the spot market, the prices were also falling in the nominal range.
According to the bullion analysts, gold is becoming fundamentally bullish. If there is a correction in the equity market with the bounce of the boom in the Geo Tanshan, the dollar index, there are indications that large-scale purchases of hedge funds and central banks are available besides investors. Gold in the international market is bullish for $ 1427 a day, and $ 1450 for a period close to 1450 weekly closing. While Signs that will hit the $ 15 – $ 16 market, the main market base of the currency market has been meeting with the government to reduce the import duty on gold by the introduction of the gems and walleare industry to reduce the import duty of gold and in the central budget for the next financial year 2019-20, gold import duties Demand has been reduced. At present, import duty on gold is 10%. The industry says that we have sent recommendations to the ministry and demanded to reduce the duty to the percent, said Shankar Sen, vice chairman of All India Gem and Jawlari Domestic Council.