Hy, I am from nepal we have gold shope here and we usuall buy 2-3 kg's of Gold/ month.Sometime we get profit and some time loss coz, price decrease or increase the next day. So, my question is there any way to know the price of gold of next day(tomorrow)??
No, unless you are psychic which you aren't. How much reading have you already done on the futures market and on trading metals? It looks like you have leapt into something before you've done your homework
Seriously you are trading Gold and you have no knowledge. Time to grow up before you throw even more money away.
Gold prices have to do with supply and demand. 50% of gold is used for jewelry,40% investments(vaulted gold,coins etc.) and 10% for dental usage and industrial,electrical purposes. When a new gold strike is announced prices drop. Last year 2011, gold was selling at $1,530 U.S. an ounce. It rose 12% to $1,713 by November 28 2012, a 12% increase. The demand for gold at present exceeds the supply. Gold prices will continue to rise for the foreseeable future.