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Gold is quoted and traded in ounces. It is transferred in bulk however between countries in either 5 kilo or 10 kilo bars. So the price per kilogram is an important consideration. I believe New York prefers 5kg and London 10kg. Many of my fellow members who transfer gold between these two centres may be able to correct me if I am wrong. It did cause a bit of a kerfuffle recently when larger than normal amounts were going to the US. The smelters couldn’t keep up in changing size.The price of gold per kilogram is $99,948.78 presently and $100,000 may be some resistance or support once exceeded going forward.[ATTACH=full]196383[/ATTACH]gg
Gold is quoted and traded in ounces. It is transferred in bulk however between countries in either 5 kilo or 10 kilo bars. So the price per kilogram is an important consideration. I believe New York prefers 5kg and London 10kg. Many of my fellow members who transfer gold between these two centres may be able to correct me if I am wrong. It did cause a bit of a kerfuffle recently when larger than normal amounts were going to the US. The smelters couldn’t keep up in changing size.
The price of gold per kilogram is $99,948.78 presently and $100,000 may be some resistance or support once exceeded going forward.
[ATTACH=full]196383[/ATTACH]
gg
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