If I borrow one kilogram of gold, what determines the legal exchange rate at which I must settle the repayment?

Asked Sep 8, 2013· 1 answer
Faisal KhanAnswered Sep 8, 2013
With the price of Gold moving up or down (in the foreseeable year), an astute lender would quote you the money based on a 12 month forward Gold contract + mark-up. They would most likely get the rate from say CME or London.
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