Saturday, December 16th 2017

Gold Guinea

Gold Guinea Meaning:
In commodity market terminology, the Gold Guinea refers to a British coin minted between 1663 and 1813. The Gold Guinea was the first English machine-made gold coin and was originally worth one Pound sterling.

Gold Guinea Example:
Gold Guinea futures trade on the Mumbai, India’s National Multi-Commodity Exchange or (NMCE) under the symbol GOLDG8. The trading unit for the futures contract is 8 grams of gold coin with a fineness of 0.999.
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