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Of all precious metals, Gold has been perceived as a secure and profitable investment since ages. People often buy gold to hedge against political, economic, social and currency crises. The gold market is susceptible to speculation as are other markets, especially due to futures contracts. Gold prices tend to rise in times of political and economic uncertainty. Military confrontation between major world powers also support gold prices. Gold futures is available at PMEX in the following contract sizes:-
1 ounce gold is approximately equal to 2.667 tolas.