The Price Of Gold - Business - Nairaland
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| The Price Of Gold by deols(f): 7:31pm On Mar 21, 2012 |
I'd like to know the factors that determine the price of Gold in the market. If you do know, pls share |
| Re: The Price Of Gold by olawalebabs(m): 9:03am On Mar 22, 2012 |
Economically, gold is a luxury goods and the demand for luxury goods tends to differs from the general demand, it is believes that when the price is high, the demand also will be high. This is so because people see such goods as ostentation. (showoff). There may also be other ways of calculating it. |
| Re: The Price Of Gold by deols(f): 12:05pm On Mar 22, 2012 |
^^ thanks. I was wondering if other factors like the dollar rate have influence. |
| Re: The Price Of Gold by olawalebabs(m): 1:35pm On Mar 22, 2012 |
is possible that dollar is a factor, since that is the basket currency use in intl. Trade. |
| Re: The Price Of Gold by mkmyers45(m): 2:12pm On Mar 22, 2012 |
deols: I'd like to know the factors that determine the price of Gold in the market. If you do know, pls share Demand = Depends how much gold is in circulation Quality = 12/18/20/22 or 24 carats Quantity = 10g/20g/100g/1kg etc Type of Gold = Dust/Bar etc Shape Dollar Price |
| Re: The Price Of Gold by deols(f): 3:08pm On Mar 22, 2012 |
is possible that dollar is a factor, since that is the basket currency use in intl. Trade. thanks  mkmyers45: thank you!  |
| Re: The Price Of Gold by mkmyers45(m): 3:40pm On Mar 22, 2012 |
@OP are you into gold trading? |
| Re: The Price Of Gold by ogedanny: 3:51pm On Mar 22, 2012 |
gold price is determined by demand and US dollar index/ interested in buying starting with just N5000 and profit...call 08084219399 |
| Re: The Price Of Gold by mkmyers45(m): 3:53pm On Mar 22, 2012 |
ogedanny: gold price is determined by demand and US dollar index/ interested in buying starting with just N5000 and profit...call 08084219399 Do you have for sale? |
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