why are the pure gold(24 Carat 99.99%) rates different from the one quoted

Sandy

New member
in the news media? The banks always state that the prices quoted in the news print and TV media are not for the 24 carat and they are not 99.99%pure where as the banks provide 24 carat and 99.99% pure gold hence the rates are around 2000 INR more than the media rates . are the statements valid and correct? For Ex todays media rates for 10gm -15,700INR and the bank rates 18522 INR.
 
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