Question

how is gold rate decided everyday

Answer 1

Gold prices are fixed on a daily basis. It is an agreement between the participants on the same side in the market to buy and sell gold at a fixed price or to maintain the market conditions to make the price stay at a certain level by controlling the supply and demand.

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Answer 2

ANSWER:-

➡️Gold prices are fixed on a daily basis. It is an agreement between the participants on the same side in the market to buy and sell gold at a fixed price or to maintain the market conditions to make the price stay at a certain level by controlling the supply and demand.

➡️Another reason gold prices fluctuate is due to supply and demand — a basic and fundamental principle of economics. When demand exceeds supply, prices rise. When supply exceeds demand, prices drop. Regardless of price fluctuations or even rising prices, gold is still a safe investment.
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