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Railways PYQCBT 1 2016

RRB NTPC · Question 9

In which city is the value of Gold determined? A. California B. Sydney C. Rome D. London

  1. C

  2. B

  3. A

  4. D

Show answer & explanation

Answer: (D) D

Explanation

The international benchmark price of gold is set in London by the London Bullion Market (the LBMA Gold Price, formerly the London Gold Fix). Banks and traders worldwide use this price as the reference.