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You see that many people choose to invest their money on gold bullion since they think that it is a safe investment to do in this economic crisis. It is not like another investment that has high risk if the economic condition is not stable.

If you want to make an investment, you can consider gold bullion as the best choice. What about the gold price? Well, you do not need to worry because gold price remains stable at a safe rate. As for you to know, the price of gold is set to remain the same throughout the world’s market. Gold price is originally fixed by refiners and traders of gold bullion in 1919. Until today the spot gold is fixed in London by 5 banks.

Gold price fixing has become a tradition in London. Gold Prices are fixed for twice a day at 10.30 GMT and also 15:00 GMT every single day. In the gold price fixing meeting, there will be a chair who leads the meeting. All the participants can raise a small Union Flag that is available on their desk to pause the process. The meeting will be ended then by the chair. That is how the gold spot is being fixed today.

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