The price of Gold at the time of writing is,Rs 31700/10 grams and Silver Rs 48000/kg.But their actual prices should be higher,based on leverage against the paper futures,which are:-
Gold, Physical to Paper :: 1:33 and Silver,1:44.
So the actual prices of Gold and Silver,respectively,should be ,
Rs 33 x 31700/10 grams and Rs 44 x 48000/kg.
This shows,that both these in Physical form,are of higher value than, the quoted futures prices at Comex and LBMA.
The above is a case in point,for Physical ownership of both Gold and Silver.
Gold, Physical to Paper :: 1:33 and Silver,1:44.
So the actual prices of Gold and Silver,respectively,should be ,
Rs 33 x 31700/10 grams and Rs 44 x 48000/kg.
This shows,that both these in Physical form,are of higher value than, the quoted futures prices at Comex and LBMA.
The above is a case in point,for Physical ownership of both Gold and Silver.
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