The price of gold touched an all-time high on Wednesday in the Ahmedabad market, settling at Rs 50,400 per 10g, including 3% goods and services tax (GST). It rose by Rs 600 from Tuesday’s price of Rs 49,800. This is the first time gold has breached the Rs 50,000-mark here. Analysts attribute the increase to growing safe-haven investments in gold amid growing concerns of a global recession as a fallout of the coronavirus pandemic.
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