A Gold Exchange is a marketplace where gold can be bought, sold, or traded. It operates similarly to stock exchanges, allowing investors to trade gold in various forms, such as bullion, coins, or gold-backed securities. The prices are determined by supply and demand, and they fluctuate based on market conditions. These exchanges provide a platform for both individual and institutional investors to invest in gold, which is often seen as a safe-haven asset during economic uncertainty. Major gold exchanges include the London Bullion Market Association (LBMA) and the New York Mercantile Exchange (NYMEX), which facilitate global gold trading.