answersLogoWhite

0

Why does the price of gold change so much day to day?

Updated: 8/18/2019
User Avatar

Wiki User

12y ago

Best Answer

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

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Why does the price of gold change so much day to day?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is the price of gold in USA?

The price of gold and other metals does change day to day. The price of gold today is 1118 per ounce.


What about tomorrow gold price?

The price today is $1309.09 , are you asking what we think tomorrows price will be? I don't think it will change that much in a single day. Hope that helps!


What is the current price of gold in in India?

The value of gold fluctuates from day to day, and from karat to karat. Over the past 24 hours the price of gold in Mumbai, India has been (for 22-K and 24-K respectively) Rs 26500.00 and Rs 26650.00. This price can also change from city to city, within a country.


Is the price of gold higher than the value of the dollar?

The price of gold is ever changing. The stock market for things like this can change from day to day. Gold is more valuable than simply a dollar. It also depends on the weight of the gold.


What is the price of gold in North American today?

The price of gold fluctuates constantly and can change drastically from day to day. It is sold per ounce, and at this very moment is worth 1,564 USD/oz.


What is the gold rates in Pakistan?

As of the close of business on August 17, 2014, the price of gold was 128,186.45 rupees per ounce. The price of gold, as with any commodity, can change day to day and even several times during the same day depending on trading.


How much is 100 gold certificate worth?

The same price as 100 grams of pure gold so the answer fluctuates as the price of gold goes up or down day to day and has no real set monetary value


What is the rate of 24karats gold in India?

As of the close of business on August 17, 2014, the price of gold was 79,234.59 rupees per ounce. The price of gold, as with any commodity, can change day to day and even several times during the same day depending on trading.


How do they know how much gold is worth?

The price of gold is determined by gold trading markets. Gold is bought and sold much like stocks the markets where this is done know how much buyers are paying and sellers are receiving. This is the price of gold. The London bullion market is an over-the-counter market for the trading of gold. Twice a day they publish the price gold is trading for.


How much was a aureus worth compared to our currency?

An precise answer can't be given due to the fluctuation in the price of gold. A Roman aureus was a coin of 99% pure gold weighing 8 grams. That weight and purity of the metal would have to be calculated using our present day price of gold. It's value in dollars would change from week to week or even day to day.


What is the current gold price of today?

Gold price changes from day to day so there is no fixed price for gold and for present the current price of gold in market is 1359.50 US dollars.And the same gold price in india is nearly equal to 27000.


How much is gold by the ounce?

It depends from day to day, usually increasing. But the rough price of gold per ounce is 1400 U.S. Dollars per troy ounce.