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The demand and supply of gold. Due to the credit crisis many people have decided to buy gold since the price of hold has always been very stable (doesn't fluctuate a lot) since more people demand gold, the price of gold has risen. This is with accordance to the law of Demand which states that if all other factors are held constant, then there will be a negative relationship between the quantity demanded and the price of a good. Thus the higher the demand for gold,the higher the price. try this site its useful
http://gold-price-blog.info/
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What is an international gold price?
INTERNATIONAL GOLD PRICE MEANS, THE CURRENT PRICE OF GOLD IN THOSE RESPECTIVE COUNTRIES. try this site its useful http://gold-price-blog.info/
Is gold price elastic or inelastic?
when gold is relatively cheap, people will buy lots of gold jewellery, when the price of gold goes up, people switch to silver jewellery...sowhen the price goes up, less people will want to buy - cause the demand is "sensitive" to the price...so demand is ELASTIC...
What is the current price of gold dust in the market?
As of the writing of this answer (3July 2013, 09:43 EDT) the price of gold is $1,250.00. This rate has gone down and up about a dollar in the time it has taken to type this answer, That being said, this price is for pure gold. Gold dust is not pure. The price then will be determined by purity and amount.
Has the price of gold gone up or down today?
Spot gold bullion gained $1.70 at the start of the day today. The price of a troy ounce is quoted at $1127.60.
Has the price of gold gone up or down in the last 10 years?
The price of gold has fluctuated in the last ten years, but overall it has gone up. This is because gold reserves in the ground have reduced as they are mined.
What is an international gold price?
INTERNATIONAL GOLD PRICE MEANS, THE CURRENT PRICE OF GOLD IN THOSE RESPECTIVE COUNTRIES. try this site its useful http://gold-price-blog.info/
Which country is the lowest price in gold?
The gold market is international, its worth the same everywhere.
What is price of 1 gram 22k gold in Pakistan?
Gold is selling in Pakistan for 4,462.80 rupees per gram at 22 karat. The international gold rate in USD is $1755. This is slightly down from its recent high about a month ago.
Answer of What is up?
The opposite of down. The sky. The price of gold.
10k gold price?
An ounce of 10K gold is around 452.00 dollars right now. The price of gold goes up and down daily.
What has the author Rudolf Frei written?
Rudolf Frei has written: 'The price of gold' -- subject(s): Gold standard, International liquidity
Is 14kb worth anything?
multiply the chain's gold content by the price of one gram of 14K gold. For example, if the price is $31.60, the value of the chain's gold is $110.54. To estimate the 14K gold chain price, mark down the piece's index price by 20-30%.
Why does the price of gold change so much day to day?
it changes cause by the rate people buy and and find the gold but if people dont buy the gold that much the price drops and wen the price rises wen gold if found :D :P
is gold a good invement or will the price go down?
it is not a goo investment the price will go down because scientists believe there are more ores further into the crust that will be more expensive and payable than gold
Is gold price elastic or inelastic?
when gold is relatively cheap, people will buy lots of gold jewellery, when the price of gold goes up, people switch to silver jewellery...sowhen the price goes up, less people will want to buy - cause the demand is "sensitive" to the price...so demand is ELASTIC...
What is the current price of gold dust in the market?
As of the writing of this answer (3July 2013, 09:43 EDT) the price of gold is $1,250.00. This rate has gone down and up about a dollar in the time it has taken to type this answer, That being said, this price is for pure gold. Gold dust is not pure. The price then will be determined by purity and amount.
Can you please tell me the price of Gold as of today?
The current value of gold is 1260.10 US dollars per ounce. There are four significant international gold exchange markets: London Gold Market, America Gold Market, Zurich Gold Market, and Hong Kong Gold Market
