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The 9-Second Trick For What is a bullion market? - IndiaInfoline


<h1 style="clear:both" id="content-section-0">How IFSCA launches pilot run/soft launch of International Bullion can Save You Time, Stress, and Money.<br></h1>
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<p class="p__0">MODIFICATION (CHANGE IN GOLD COST FROM PREVIOUS CLOSE) This is the change in the cost of the metal from the previous close, which is not necessarily the previous day. Weekdays from 6:00 PM NY time up until midnight the previous close is from the existing day. Here's why: The time the gold market stops trading in New york city on weekdays is for a 60 minutes duration, from 5:00 PM New york city time till 6:00 PM.</p>
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<p class="p__1">Change is constantly the difference between the present rate and the rate at 5:00 pm. For example: Gold last traded at $1,200 at 5:00 PM on January 17. If it is January 17 at 6:30 PM and the cost is $1,202, we will show a change of +2. 00. If it is January 18 at 5:00 PM and gold is priced estimate at $1,225 then we would show a change of +25.</p>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://i.tribune.com.pk/media/images/Gold1/Gold1.jpg" alt="Gold dips 3-month low, silver drops on global cues - Deccan Herald"><span style="display:none" itemprop="caption">Gold Price Today, 1 March 2021: Gold worth soars Rs 241; silver jumps Rs 781</span>
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<p class="p__2">GOLD FUTURES CHANGE (CHANGE FROM PREVIOUS CLOSE) This is the modification in the rate of the metal from the price at the end of the previous trading session. Presently, the weekday closing time is 2:00 PM Eastern Time. This Author MONTH CHG (30-DAY CHANGE) This is the change in the rate of the metal from 1 month ago as opposed from the previous close.</p>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://bullion.directory/wp-content/uploads/2019/06/the-royal-mint-reviews-scr-440x440.jpg" alt="International Bullion Dealers - Search Global Precious Metals"><span style="display:none" itemprop="caption">International Bullion Exchange - A Leader in Precious Metals</span>
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<p class="p__3">HOW IS THE LIVE AREA GOLD PRICE CALCULATED? Every rare-earth elements market has a corresponding benchmark cost that is set on a daily basis. These criteria are utilized mainly for commercial agreements and producer arrangements. These criteria are computed partially from trading activity in the spot market. The spot rate is identified from trading activity on Over-The-Counter (OTC) decentralized markets.</p>
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<h1 style="clear:both" id="content-section-1">Everything about Dubai's Problematic Gold Trade<br></h1>
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<img width="354" src="https://9to5toys.com/wp-content/uploads/sites/5/2021/10/Sandisk-WD-Deal.jpg?resize=155">
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<p class="p__4">Although these aren't controlled, banks play a crucial function, acting as market makers, supplying a quote and ask cost in the area market. I'VE HEARD THAT GOLD TRADED 24/7 IS THAT REAL? EXISTS AN OPEN AND A CLOSE? Gold, really trades 23 hours a day Sunday through Friday.</p>
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<p class="p__5">m. and 6 p. m. eastern time where no market is actively trading. However, in spite of this one hour close, since area is traded on OTC markets, there are no main opening or closing rates. For bigger deals, many valuable metals traders will utilize a benchmark price that is taken at specific durations during the trading day.</p>
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Read More: https://satoritradersllc.wordpress.com/2021/11/14/precious-metals-news-satori-traders-market-pulse-11-14-21/