Gold prices have a direct bearing on the crisis. Gold prices in India have reached an all-time high in 2020 as the corona epidemic has become a major global crisis. In August, the price of gold was more than Rs 56,000 per 10 grams, while the price of silver reached more than Rs 4,000. By the end of the year, however, the price of gold had dropped due to the possibility of a reduction in corona infections and the possibility of vaccination. As of December, the price of gold was around Rs 7,000 per 10 grams. Experts estimate that gold prices are unlikely to fall to normal levels until international transportation is normal and vaccines are not available. Crude oil prices have plummeted in the United States. Oil prices in India fell to $ 20 a barrel. But petrol and diesel prices, which the general public buys, have not gone down. The central and state governments were raising taxes accordingly as rates fell in the international market. As a result, consumers did not receive the benefits of a price reduction. However, sales of petrol and diesel declined significantly during the downturn. It took a long time to improve. By the end of the year, gasoline and diesel prices have risen sharply.
