What gold price is used to determine tally’s exchange rate?

Modified on Fri, 17 May 2024 at 01:16 PM

TallyMoney uses the global gold market price for troy ounces, irrespective of the customer transaction amount.   This can be independently verified by checking the live price at https://www.xe.com/currencyconverter/convert/?Amount=32.1507465686&From=XAU&To=GBP and converting troy ounces into milligrams.  A simple and transparent flat fx rate of 0.99% and a 0.5% gold handling fee is charged, and then tally is held at the live market price, with no transaction fees or margins added when you send or spend your tally.

Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select atleast one of the reasons
CAPTCHA verification is required.

Feedback sent

We appreciate your effort and will try to fix the article