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Why the gold rates in India are not in line with with international market?
Wiki User
∙ 15y ago
Dear Sir, Indian Gold Prices are very much at par/Line with International Gold Spot Prices. We Call in Parity Price. However there are times when there is disparity in International and Local prices. 1) When International Spot prices spike/rally higher ub a short span of time, then the Indian local prices become discounted. This is because the demand falls down in India once prices rally and investors start selling Gold. This is the situation now at current. Local Gold prices are trading at a discount of 40/50 Rs. Per Gram compared to the parity rate of Dollar Spot Prices. 2) When International Spot Prices sell off/ Fall in a short span of time, Indian prices start trading at a premium compared to international spot prices. This is because there is a sudden rush of buyers into the market when prices crash thus increasing the premium in the local prices. This situation was when Gold was trading below $800 since August. This time due to the HUGE demand from India, There was a shortage of Supply from the international suppliers. Dear Sir, Indian Gold Prices are very much at par/Line with International Gold Spot Prices. We Call in Parity Price. However there are times when there is disparity in International and Local prices. 1) When International Spot prices spike/rally higher ub a short span of time, then the Indian local prices become discounted. This is because the demand falls down in India once prices rally and investors start selling Gold. This is the situation now at current. Local Gold prices are trading at a discount of 40/50 Rs. Per Gram compared to the parity rate of Dollar Spot Prices. 2) When International Spot Prices sell off/ Fall in a short span of time, Indian prices start trading at a premium compared to international spot prices. This is because there is a sudden rush of buyers into the market when prices crash thus increasing the premium in the local prices. This situation was when Gold was trading below $800 since August. This time due to the HUGE demand from India, There was a shortage of Supply from the international suppliers. IndiaBullion.com
Wiki User
∙ 15y ago
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What are gold rates india since 1900s?
18
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I am guessing India is the world's biggest gold market based on consumption.
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The yellow gold metal rate is different in Saudi market and " Pure Solid White Gold Formula " It is a better market in U.S.A. and online rates... For ( 7 ) 21 Billion in trade assets can't be wrong !
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yes it is
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The gold market is international, its worth the same everywhere.
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Why India purchase gold from IMF?
India is the largest market for gold in the world and the production of gold is comparatively less in India. To meet the need gap, IMF is the best place to procure the gold from their reserves. Secondly the gold supplied by IMF would be in the pure form and could fetch the best price int he market.
Where can one learn how to buy gold at a reasonable rate?
Information concerning the price of gold can be found online. The World Gold Council does have information concerning the current market rate for gold. Bearing the market rates in mind, one will be aware as to whether rates offered by local goldsmiths and jewelers would be reasonable or not.
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
When gold rates will decrease in India?
gold rate will never decrease and so indian girl's marriage will be a '?'
Is gold jewelry cheaper to buy in India?
yes it is because it is more cheaper and we are richer here than India .
How big would a gold coin 10 US be at current market rates?
So small they would be impossible to make.
