• Financial

This time there is a big fall in the price of gold in the world market

  • Financial
  • 15 May, 2022 15:22:19

Photo: Collected

News Desk: Gold prices have fallen sharply in the world market last week. At this time, the price of gold in the world market has decreased by about four percent. As a result, the price of gold per ounce has dropped by more than 60 and is now below ৮ 1850. With that, the price of silver and platinum has come down.

The price of gold in the world market has been reduced and its price has already been reduced in the domestic market. Bangladesh Jewelers Association (BAJUS) has fixed new price of gold in the country's market from May 11 (Wednesday).

According to the new price, the best quality or 22 carat per gram (11.64 grams) gold price has been reduced by Tk 1,018 to Tk 8,518.

Besides, the price of 21 carat gold has been reduced by Tk 1,018 to Tk 63,018. The price of 18 carat gold has been reduced by Tk 933 to Tk 72,838. And the price of gold per traditional method has been reduced by 8 rupees to 52 thousand 198 rupees.

The price of gold per ounce in the world market was above হাজার 1,060 when Bajus announced the reduction of gold price in the country's market. Since then, the price of gold has decreased in every working day traded in the world market. In the last four weeks, the price of gold in the world market has come down to the lowest level.

In the last one week, the price of gold per ounce in the world market has decreased by 3.61 percent or দশ 81.64. Of this, on the last working day of the week, it decreased by 10.44 dollars or 58 percent. The price of gold per ounce stood at 1 thousand 611 dollars. The price of gold has decreased by 7.22 percent in a month.

Besides gold, silver and platinum prices have fallen sharply in the last one week. At the same time, the price of silver per ounce decreased by 5.59 percent and stood at 21.09 dollars. The price of this metal has decreased by 16.60 percent in a month.

Platinum, another precious metal, fell 2.54 percent over the past week. The price of platinum per ounce stood at 938.50 dollars. The price of this precious metal has decreased by 5.21 percent in a month.

Meanwhile, world gold prices have been volatile since Russia began its invasion of Ukraine. The price of gold has risen sharply in the last three months.

Russia launched an attack on Ukraine on February 24. In the first week after the attack, the price of gold per ounce in the world market increased by 4.36 percent or দশ 72.46. As a result, the price of gold per ounce rose to 1,960.08 dollars.

In this context, the price of gold was increased in Bangladesh on March 3. At that time the price of 22 carat gold was increased by 3 thousand 265 rupees to 6 thousand 265 thousand rupees.

Besides, the price of 21 carat gold was increased by Tk 3,091 to Tk 74,006, the price of 18 carat gold was increased by Tk 2,333 to Tk 74,152 and the price of traditional gold was increased by Tk 2,217 to Tk 53,421. .

Within a week after the increase in the price of gold in the country's market, the price of gold per ounce in the world market increased and exceeded two thousand dollars. As a result, the price of gold was increased again in the country's market on March 9. In this phase, the price of 22 carat gold was increased by Tk 1,050 to Tk 69,315.

Besides, the price of 21 carat gold was increased by Tk 933 to Tk 85,699, the price of 18 carat gold was increased by Tk 618 to Tk 74,096 and the price of traditional gold was increased by Tk 642 to Tk 54,062.

However, after that gold fell in the world market. As a result, the price of gold was reduced in two phases on March 16 and March 22. On March 22, the price of 22 carat gold was reduced by Tk 1,050 to Tk 8,099.

Besides, the price of 21 carat gold was reduced by Tk 1,050 to Tk 83,600, the price of 18 carat gold was reduced by Tk 933 to Tk 83,102 and the price of traditional gold was reduced by Tk 458 to Tk 52,605.

After the start of Ramadan, the sale of Eid-centric gold ornaments in the country's market increased a bit. Which also affects the price. Although the price in the world market did not increase much, on April 12, Bajus increased the price of 22 carat gold by Tk 1,650 to Tk 8,849.

Besides, the price of 21 carat gold has been increased by Tk 1,849 to Tk 75,349, the price of 18 carat gold has been increased by Tk 1,456 to Tk 64,560 and the price of heavy gold has been increased by Tk 1,224 to Tk 53,629. Is.

However, if there is a tendency to reduce the price in the world market, the price of gold is reduced again in the domestic market on 26 April. At that time, the price of 22 carat gold was reduced to Tk 1,018, 21 carat gold was reduced to Tk 1,018, 18 carat gold was reduced to Tk 991 and traditional gold was reduced to Tk 756. Less than a week after Eid, the price of gold was reduced on May 11.

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