Showing posts with label Today Gold Live Rate. Show all posts
Showing posts with label Today Gold Live Rate. Show all posts

Monday, 6 June 2016

EXPLAINING THE GOLD FIX

The Gold Fix is exactly what it seems…fixing the price of the Gold for a given day. How the fix works is that at the start of the day the “five-member” team of the “London Gold Market Fixing Ltd.” declare the buying and selling price of Gold for that particular day and then this price is used as the benchmark for pricing, buying, and selling Gold on that particular day. The price of the Gold is fixed twice a day – once at 10:30 a.m. 3:00 p.m. London Time.  




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