GOLD PRICES FLUCTUATE, BUT HOW IS GOLD DETERMINED?
Are you going to buy 'Khatrijee' gold? Is this a good time to buy gold? India ranks second in the world in terms of gold consumption.
What matters is how the high gold prices in the international market will affect Akhtarij this time. Also, the festival of 'Khatrij' is considered a sacred day for the purchase of gold. How will this time of year be better than last year?
Talking about the recent gold prices, after April 11, the price of 24 karat gold per ten grams has crossed Rs 31,524 level. But in April-May every year, the demand for gold is increasing. But do you know how gold is priced?
Also read Government Jobs: Will be without examination Examination of 570 posts in Railway.How is the price of gold fixed in India?
The country mainly imports gold through banks. The bank then sells it to the traders of the bullion market. It is priced in the international market at dollars per ounce. The daily value of the Indian rupee against the dollar is determined by converting it to grams.
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