What is a primary driver of gold price variations across different cities in India?

"Local taxes on gold" "The cost of transporting gold" "The popularity of gold jewelry in the region" "Fluctuations in international gold prices"

Why might gold prices be lower in a city with a large and active gold market?

"Lower transportation costs due to bulk purchasing" "Reduced demand due to market saturation" "Government subsidies for gold retailers" "Increased competition among gold sellers"

Which of the following factors can influence the demand for gold as a safe-haven asset?

"Favorable monsoon seasons" "High interest rates on fixed-income assets" "Periods of economic uncertainty" "Decreasing inflation rates"

What role do local jewellery associations often play in the gold market?

"They regulate gold imports and exports" "They control gold mining operations" "They influence the setting of gold prices within their region" "They provide financial assistance to gold buyers"

How does the purchase price of gold impact the prices consumers pay?

"Jewellers who bought gold at lower prices can sell it at lower prices" "The purchase price determines the import duty levied on gold" "Higher purchase prices always lead to higher retail prices" "The purchase price is irrelevant as retail prices are fixed"