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Gold Price Calculator APK

Gold Price Calculator

Version1.1.2 (3)
UpdatedOct 16, 2018 (2 years ago)
DeveloperLearn and Grow Inc
CategoryApps, Finance
IDcom.andromo.dev601172.app695645
Installs1,000+

"How Is Gold Priced? Traders primarily use two pricing models to estimate the potential investment value of gold. 1. Gold Futures Price Gold futures prices serve as the basis for the LBMA Gold Price. These are contracts for the physical delivery of a specified amount of gold on a set date in the future. Multiple factors determine the price of a gold futures contract: the spot price of gold; the predicted changes in supply of and demand for the precious metal; the estimated cost of transporting and storing the physical gold; and the risk-free rate of return for the holder of the gold. Since the physical gold is not immediately delivered upon purchase, these trades are primarily electronic. They’re also highly risky because of the unpredictable nature of supply and demand factors. The COMEX is the world’s largest gold futures trading exchange. Gold and other precious metals are also traded there. 2. Gold Spot Price The price of gold that is to be delivered immediately after purchase is called the spot price. If you were to average the net value of all currently traded gold futures contracts for the nearest month, you would get the gold spot price. In a normal market, gold futures prices are much higher than the spot price of gold. However, in times of extraordinary demand for physical gold, the spot price can be higher than the futures price. 5"


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