Suppose the instant price in USD is 13.57 per Ounce and MCX price is 18300 INR per Kg. The INR price should be
13.57X39.90 (Current Exchange price)x 31 app (Conversion Factor). But it is not so. It comes to 16784 whereas the actual is 18300 INR. How the difference is explained?|||from the archives:
The dollar price is the ounce price. First convert the ounce into grams and then use the exchange rate. Then you will arrive at the price determined...
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