Economy, asked by GowthamSivarajan, 10 hours ago

how and why gold rate changes everyday

Answers

Answered by tiwaririta10

1

Answer:

When central banks of large countries start holding gold reserves and procuring more gold, the price of gold goes up. This is because the flow of cash in the market is increased while the supply of gold goes down. Interest rates on financial products and services are tied closely with the demand for gold.

Explanation:

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