How is the exchange rate between tally and pounds determined?
As with foreign currency exchange, there is a buy price and a sell price for gold bullion. However, given the global gold market’s high liquidity and super efficiency, the difference between gold’s buy/sell price is far better than foreign currency exchange rates.
Tally uses the global gold wholesale price applied by our LBMA-accredited brokers for buying and selling 1kg gold bars, irrespective of the customer transaction amount. In other words, you are getting the market wholesale rate regardless of amount, and no transaction fees or margins are added when money is moved in or out of customer Tally Accounts.