Gold price at fresh all-time high


, February 19

With the coronavirus epidemic sending shockwaves around the world, gold price in the domestic market scaled to a new peak of Rs 77,100 per tola today.

According to the Federation of ’ Association (FeNeGoSiDA), bullion was traded at Rs 76,700 a tola on Tuesday and rose by Rs 400 per tola overnight to hit a new record.

“The coronavirus has affected the of China as well as the international market significantly.

This has boosted the appeal of the precious yellow metal, which is considered a safe haven during such crises,” explained Mohan Kumar Sunar, president of FeNeGoSiDA.

As per him the global stock market has been affected by the virus outbreak, and investors are thus flocking towards gold.

While the trade war between the United States and China and tensions between Iran and the US had already hit the market in the current fiscal, Sunar added, “The surging price of gold during the wedding season has adversely affected the market.”

The gold trade has been limited to 20 to 25 kilograms per day in the wedding season this year agai

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