Question: Why does gold price vary daily?

Gold does not offer extremely high results and the lure of high returns has made investors turn away from it, which have led to fluctuating demand and supply, in turn affecting prices. Changing investment needs can see gold prices fluctuate on a weekly basis.

Who decides the price of gold everyday?

The Indian Bullion Jewellers Association or the IBJA as it is known plays a key role in determining day to day gold rates in the country. IBJA members include the biggest gold dealers in the country, who have a collective hand in establishing prices.

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