Why Do Similar Commodities Have Different Rates In Different Countries?

[Good-Person]

There are many commodities in the world. However, the rates of such commodities may differ in different countries. For example, the price of gold in U.A.E might be different from that of price of gold in many other parts of the world. So, why is this so and how can this different help investors?

 

[ganibade]

There are many commodities in the world. However, the rates of such commodities may differ in different countries. For example, the price of gold in U.A.E might be different from that of price of gold in many other parts of the world. So, why is this so and how can this different help investors?

Due to variables in supply and demand, production costs, taxes, import/export tariffs, exchange rates, and local market dynamics, same commodities might be priced differently in different nations. These elements lead to pricing discrepancies, which affect the cost of goods for both domestic and international customers and enterprises.