Local gold reached new record level for the second consecutive day, reached 98,000

On Thursday, gold rose by Rs 500 to a new all-time high level of Rs 98,000 in the Ahmedabad gold-silver market.

This makes both investors and buyers in shock. At the same time, the price of silver decreased by Rs 500. Along with this, silver sold at Rs 96,500 per kg. Gold rose by $ 24 to $ 3,329 an ounce in the global market. While silver fell 59 cents to $ 32.40 an ounce. The gold futures of June on MCX declined by Rs 365 to Rs 95,296 per 10 grams. While May silver futures fell by Rs 1,316 to Rs 94,934 per kg.

Comex gold rose by $ 2.20 to $ 3,348.60 an ounce. Comex silver fell 5.55 cents to $ 32,425 an ounce. The ongoing impact of trade war on weakening dollars and global economic development has created an atmosphere of uncertainty in the global market. Due to which investors have turned to buy gold in a safe area. On the other hand, 10 grams of gold is being sold in Ahmedabad for Rs 98,000, which has created a big problem for the families shopping during the wedding season.

In April, the price of gold has risen four times to the highest level. Last date. Gold was 96,300 on 11 April. Gold was 96,500 on 12 April. On 16 April, gold reached an all -time high of Rs 97,500 and on April 17, gold reached an all -time high of Rs 98,000.