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Gold is traded daily on the comex division of the new york merchantile exchange. Gold is traded in futures like other commodities such as silver, platinum and oil. However more gold is traded every day than there has ever been mined. This means that lots of people dont trust the paper-gold and buying bullions or gold coins at a price above the fix.
What else can I help you with?
How gold price determined in India?
gold prices are determined on the basis of stock market.
Is the price of gold determined by ounce or troy ounce?
The price of gold is usually quoted in troy ounces.
How is gold price per gram determined?
Gold price per gram is determined by the weight of the gold and the current exchange rate. For example, if the current exchange rate is 100 dollars per gram, then one gram of gold would be 100 dollars.
What is the resale value of 22kt gold jewelry in Indian market?
the resale value is determined by the original price of gold in market - manufacturing cost - service tax at the time of purchase or you can take the purchase price of gold - 20% of that price.
In which country the gold is the cheapest to buy?
I think the price is determined by the local economy level.
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.
Why is gold so much money?
As with any other commodity, price is determined by supply and demand. Gold has a relatively low supply with high demand, which causes the price to rise.
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.
What is rose gold worth?
The worth if rose gold is measured by the amount of gold that is actually in the piece. That is determined by the Karat. Rose gold and yellow gold usually go for around the same price, depending on how many Karats it is.
When selling gold coins is the price determined by the ounce plus the denomination of the coin?
Seems to be the metal coin content, of the coin.
Why is gold more expensive than diamond and platinum?
Gold is more expensive than diamond and platinum because of its scarcity. The gold standard was introduced in the 18th century by the British Parliament. The price of gold is determined by its market supply and demand.
Is 10k lgl jewelry worth anything?
"10k" typically refers to 10 karat gold, which means the jewelry is made up of 41.7% pure gold. The value of 10k gold jewelry is determined by the current market price of gold, which fluctuates daily. You can calculate the approximate value by multiplying the weight of the gold in the jewelry by the current price per gram of 10k gold.
