Forex News: Gold Price June 17 2017 (53)

Gold Price Charts, News, & Analysis

Gas prices hit an average of $4 per gallon at the pump in the United States in March 2014 and then bottomed to an average price of $2.46 per gallon in October 2015. In futures markets, rising open interest alongside rising price tends to be a validation of a bullish trend. The following table shows gold price per gram in Nigeria in Naira (NGN) in 24k, 21k, 18k, 14k, and 10k carats. However, it is highly possible that all shops in the city may not buy the gold.

Silver has been taking turns as a leader and follower in the precious metals sector exchanging the role with gold over the course of 2017. On the weekly pictorial, the price of silver has been making higher lows and higher highs since December 2016 with rising open interest.

If production of gold falls, it is highly likely that we may see a drop in the rates of gold in India today. Then, if the final price is Rs 27,000 for a 10 gm gold jewelry you have paid Rs 2700 per gram. As gold prices change daily and differ from one city in India to another, the price of an ounce of gold would also vary accordingly.

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