We note RAID’s article of 9 July 2020 “LBMA Should Suspend Gold Refiner MMTC-PAMP” https://www.raid-uk.org/blog/lbma-should-suspend-gold-refiner-mmtc-pamp and the related references, including the “Submission under the LBMA’s Incident Review of PAMP/MMTC PAMP” https://www.raid-uk.org/sites/default/files/raid_analysis_of_synergy_assessment_north_mara_gold_mine_update.pdf, which raise concerns relating to MMTC-PAMP’s assessment of North Mara Gold Mine (NMGM) which was conducted by Synergy Global Consulting (Synergy). This submission is an initial response to the points raised. Read More
Gold is still commonly discussed in tolas in Indian households. A family might talk about gifting 5 tolas at a wedding or buying 10 tolas for a special occasion. But when you actually check gold coins, bars or current gold rates, the weight is usually shown in grams.
An 18K gold product tells you something about the gold. A 1-carat diamond tells you something about the stone. The words sound almost the same, but they measure completely different things.
Digital gold return is the gain or loss on the amount you have invested in digital gold. Digital gold does not earn interest. Its value changes with gold prices, while the amount you receive on sale depends on the provider's current sell price.