scorecardresearchHow are gold prices decided in India?

How are gold prices decided in India?

Updated: 19 Jun 2022, 02:03 PM IST
TL;DR.
Gold’s price is mostly governed by a combination of factors such as supply, demand, and investment behaviour. It is a contract between market participants to buy and sell gold at a set price or to maintain market conditions in order to keep the price at a set level by managing supply and demand. Let's find out more about it!
The most important factor for the price determination of gold is the “spot price” which is the per ounce value of 24K gold set at the London bullion market on any given day.

The most important factor for the price determination of gold is the “spot price” which is the per ounce value of 24K gold set at the London bullion market on any given day.