How to calculate the Gold price using Gold Commex rate, INR rate and Custom Duty?
How to Calculate the Gold Price Using Gold COMEX Rate, INR Exchange Rate, and Custom Duty Gold has always been a vital investment asset and a symbol of wealth, especially in countries like India. But have you ever wondered how the price of gold is actually calculated in India when it's based on international markets? Understanding this process can give investors, traders, and even retail buyers valuable insight into how prices are derived and why they fluctuate. In this article, we’ll break down how to calculate the gold price in India using three primary components: Gold COMEX Rate (International price) INR-USD Exchange Rate Custom Duty and Taxes Let’s dive into the step-by-step process and the logic behind each component. 1. Understanding the Gold COMEX Rate COMEX (Commodity Exchange) is a division of the Chicago Mercantile Exchange (CME) and is one of the leading global commodity markets where gold is traded. The COMEX price is quoted in: US Dollars per ...