How is price of gold determined - as a consumer vs. trader?

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How is price of gold determined - as a consumer vs. trader?

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14th February 2012, 02:44 PM

AnonD

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How is price of gold determined - as a consumer vs. trader?

Now, I know commodity market traders use the Spot Price of gold to determine the current price. But I am curious how this price is related to the daily rates of gold as advertised by jewellers. How is that this price is different for different metros but spot price is across the country?

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