Question
The 'Jaipur Gold Price' is a benchmark related to which
market?Solution
- Jaipur is one of India's major physical gold trading hubs. TheĀ India Bullion and Jewellers Association (IBJA) Ā sets a daily benchmarkĀ "Jaipur Gold Price" Ā based on physical trades and international prices. This benchmark is widely used by jewellers, traders, and banks across the country for pricing physical gold transactions. Therefore, it is a key domestic benchmark in theĀ Commodity Market , specifically the bullion segment.
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