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The Gold price has increased because the gold is getting rarer and rarer - hence the gold gets more expensive.
Answer:
The price of gold changes, not because gold is getting rarer or because its value is increasing but because the value of money is decreasing due to inflation, it takes more devalued dollars to buy an equal amount of gold. For this reason people convert money into gold, to maintain a stable value of their purchasing power.
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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/
What is the difference between gold spot price and gold wholesale price?
The gold spot price refers to the current market price of gold for immediate delivery, while the gold wholesale price includes bulk transactions, discounts, and additional costs for handling and distribution.
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.
What is gold price of 100gram?
gold price per gram in Saudi riyals try this site its useful http://gold-price-blog.info/
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 percentage did the price if per ounce gold increase if the price was $513 and it increased $1060?
6 grams
What effect did keeping the source of west African gold secret have on its price?
It increased the price of gold since it was believed to be scarce- supply and demand
How have the prices of 10 gold coin changed over the past 10 years?
The price of gold has increased abunch in the past ten years.
What was the value of an ounce of gold in 1970?
The monthly average price of gold stared the year 1970 in January at 39.44 U.S. dollars per troy ounce and ended in December at 37.44. Up till 1971 the value of the U.S. dollar was pegged to gold at $35 per ounce. After that time the price of gold increased substantially.
What was the Price of gold in 1969?
price of gold in 1969
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/
What is the price for gold?
The current price of gold is $1321.30 per ounce. In 2013, the average price for an ounce of gold was $1204.50.
What is the difference between gold spot price and gold wholesale price?
The gold spot price refers to the current market price of gold for immediate delivery, while the gold wholesale price includes bulk transactions, discounts, and additional costs for handling and distribution.
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.
What is the ten year price history of gold?
Gold prices have significantly increased over the past ten years. In 1992 they were $333.00 per ounce. In 2012 they were $1664.00 per ounce. Based on this data, gold would currently be a good investment.
How many percent increased if price of fuel is increased from 77.20 to 77.84?
You are increasing the original price by 0.00829 percent.
What is the price of 22 caret gold in Karachi?
which price of 22 karat gold and which price 1gram
