Why price of gold vary with location in same state?

If you live in Punjab, India. You might wander why price of gold vary with location in same state. The price of many commodities, varies with the geographical region. To make it more simpler, in one town you may get bananas according to its weight (Rs.70/Kg). Whereas in its neighboring town you may get bananas in number (Rs.70/dozen). Similarly, pricing of gold and silver ornament varies from area to area. Keeping the base price of 24kt Gold same, the pricing system varies depending upon the ways decided by the market unions or the law or any other factor.

 

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