Gold price calculation....

#1
Can any one tell me how do Chennai Mumbai or other city jweller arrive at the gold price..the closure as per mcx is 24275 as of 6th Dec. However, Jwellers state some other rate in Chennai Mumbai. for eg.if u c the price of Chennai jwellers (everyone maintains the same price) as 22656 per 8 gm....
 

manojborle

Well-Known Member
#2
Can any one tell me how do Chennai Mumbai or other city jweller arrive at the gold price..the closure as per mcx is 24275 as of 6th Dec. However, Jwellers state some other rate in Chennai Mumbai. for eg.if u c the price of Chennai jwellers (everyone maintains the same price) as 22656 per 8 gm....
mcx is a futures price and retail market will have a different rate as far as my understanding.

It is quite obvious that you wont be able to get mcx price in retail market. (Instead of trading then you can directly trade with jweller).
 

Similar threads