Commodities Expect gold to test $1,600 level in 2020, says commodities market expert Kunal Shah Updated : December 31, 2019 03:24 PM IST Much of the strength in gold and silver came from continuing global uncertainties. Gold would be somewhere near Rs 42,000 level while silver would be in Rs 52,000-53,000 bracket on MCX in 2020, said Kunal Shah of Nirmal Bang Commodities. Shah said that gold will rise in 2020 mainly for two main reasons-- stronger central bank buying and second was weakness in dollar. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.