How is gold price in India and around the globe decided?

The price fixing is done twice each business day by the members of London Bullion Market- consisting of major international banks, dealers and refiners except on the Christmas eve and New year's eve where prices are fixed once in the morning. read more

For world , there is consortium of banks based in London which decide daily rates of gold .You can monitor dollar denominated gold price in Mobile Web :: Kitco In India we have MCX which futures based commodity market , prices are dictated by international gold prices and to some degree local speculation . read more

पेट्रोल और डीजल की कीमतों की तरह देश में सोने की कीमत भी रोज बदलती है. read more