Hi,
The prices are calculated as such= (Dollar per Troy Ounce x Dollar to Rupee Exchange Rate/3.1103)
Hence according to this the gold rate should be as the
1) Dollar per Troy Ounce = 1595.42
2) Dollar to Rupee Exchange Rate = 52.54
Gold Inr rate per 10 g = (1595.42 x 52.54) / 3.1103 250.00
= (83827.98 / 3.1103) 250.00
= 26954.33 250.00
= 27204
So my question is as asked and check in Chandni chowk at the phone number at 18:57 hours on 011 - 45351111 the gold rates are 27720 per 10 gram for Bread 99.5% purity.
Why this difference is there and is there anyone to save a customer from this illegal price change.
Should these people be placed behind the bars if these charge is incorrect or else can any gentlemen can let me know if I am wrong as my experience with this formula has always been correct if I change the transport duty to 600 or 700 as per the wish of the jeweller.
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