WHAT ARE THE GOLD PRICES AND MEASURMENTS:

Gold prices in international market are different, may be low and high. Gold prices also vary according to the country or according to the currency fluctuation. 

Gold is expensive element that is also used for the purpose of hoarding and stocking. Many people buy gold bullions for the sake of selling and hoarding. The spot gold price refers to the price of gold for immediate delivery. Transactions for bullion coins are almost always priced using the spot price as a basis. Gold futures are used both as a way for gold producers and market makers to hedge their products against fluctuations in the market, and as a way for speculators to make money off of those same movements in the market.



PRICES OF GOLD IN DIFFERENT MEASURMENTS:

One kilogram of gold is equal to 32.15 ounces

One gram of gold is equal to 0.03 ounces

Tons of gold is equal to 32,150,7466 troy ounces

One Tael of gold is equal to 1.203370 troy ounces

One tola of gold is equal to 0.374878 troy ounce

DISPARITIES BETWEEN GOLD PRICES AND SILVER PRICES:

Following the paragraph comprises why are gold prices different from silver prices; There are many reason to it.

The less supply there is of a metal, the higher the price. Therefore, gold prices tend to be much higher than silver prices because it is much difficult get. The reason supply is much larger for silver is because it is an easier metal to mine and it is often mined as a by-product to other metals mining. The average occurrence of gold in igneous rock is 0.004 parts per million. Silver shows up at a rate of 0.07 parts per million.

Read more: Gold Data Live


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