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Despite how crucial the spot price is, many people are unclear on what it is and how it affects the price of gold. In fact, a lot of small businesses who purchase gold from private sellers think the spot price equals the cost of the most recent physical transaction or the current cost of…
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Gold’s Importance During Diwali
Diwali is without a doubt one of the world’s largest festivals, celebrated by millions of people all around the world. This five-day festival is celebrated mainly in Hinduism, Sikhism, Jainism, and Newar Buddhism. Families and friends participate in this festival of lights to celebrate the triumph of good over evil and light over darkness….
A Country Within a Country
Let’s be blunt about it and not beat around the bush – Europe is in serious trouble. This is an issue for everyone around the world due to the global markets being heavily entangled with one another because of the rapid expansion of the derivatives market. Energy prices in the Eurozone are skyrocketing and citizens…
Why do Indian people purchase gold during Dhanteras?
Dhanteras is a magical time of the year which marks the first day of the largest festival in India, Diwali. This five-day celebration essentially celebrates the victory of light over darkness and good over evil. Dhanteras is celebrated by millions of people worldwide, especially by Hindus. The term Dhanteras breaks down into two main…
Silver Spot Price: How is it Determined?
A spot price is the fluctuating market value of a commodity purchased or sold on a commodity exchange under a contract for prompt payment and delivery. Silver Spot Price today refers to the estimated cost of 1 troy ounce of silver that is ready for immediate delivery before being coined into bullion bars, rounds,…
