• Financial

The price of gold has increased in the international market, it will soon increase in the country as well

  • Financial
  • 15 January, 2023 16:36:05

Photo: Collected

News desk: International and domestic gold market has suddenly become very strong. Gold prices have been rising in the international market for more than two months. Due to this, the price of this expensive metal has increased in the country's market. In the meantime, the price of a gold bar in the country has exceeded 90 thousand rupees, breaking all previous records. In this situation, the price of gold may increase one more time in the market of the country soon. This information is known from the relevant sources of Bangladesh Jewelers Association (BAJUS).

It is known that after the latest price increase in the country's market, the price of gold per ounce has increased above 50 dollars in the international market. Apart from the increase in the price in the international market, the price of acidic gold has also increased in the local market. Because of this, Bajus has planned to increase the price of gold in the country's market.

When contacted, Enamul Haque Bhuiyan Liton, Vice Chairman of the Standing Committee on Price Determination and Price Monitoring of Bajus, said that the price of gold has increased a lot in the international market in the last one week. We have seen this. The rate at which the price of gold has increased in the international market, the price of gold has to increase in the domestic market. We will meet soon and decide on this.

When asked to know the reason for the sudden increase in the price of gold in the country and in the international market, he said that the price of gold increases due to various reasons. Generally, the price of gold rises in uncertain situations. The main reason for the increase in the price of gold in the international market is the Russia-Ukraine war. And the increase in the price of gold in our country is due to the increase in the price of the dollar and the increase in the price of gold in the international market.

On January 8 this year, the price of gold was last increased in the country's market. Along with gold, the price of silver was increased at that time. Before that, gold prices were increased on December 30 and 4 and November 18 and 13 last year. In this way, the price of gold has risen to the highest in the history of the country due to the increase in prices.

Last January 8, the price of best quality or 22 carat gold (11.664 grams) was increased by 2 thousand 333 taka to 90 thousand 746 taka. Before this, the price of one gold in the market of the country was never Tk 90 thousand.

Along with good quality gold, the price of all types of gold has increased. The price of gold per 21 carat was increased by 2 thousand 216 taka to 86 thousand 605 taka. The price of 18 carat gold was increased by 1 thousand 924 taka to 74 thousand 241 taka. Apart from this, the traditional gold price has been increased by 1 thousand 575 taka to 61 thousand 878 taka.

Along with gold, the price of silver is increased. The price of 22 carat silver has been increased by 199 to 1 thousand 715 taka, the price of 21 carat silver has been increased by 198 taka to 1 thousand 633 taka. Also, Bajus increased the price of 18 carat silver by 175 taka to 1 thousand 400 taka and the price of traditional silver by 117 taka to 1 thousand 50 taka. Currently, gold and silver are being sold at this price in the country's market.

Meanwhile, after increasing the price of gold in the country's market, the price of gold per ounce in the world market increased by 54.50 dollars in the last one week. The price of one ounce of gold has increased by 1 thousand 920.29 dollars. After April 21 last year, the price of gold has not been so high in the world market.

A review of the data shows that the price of gold has been rising continuously in the international market for more than two months. On November 3 of last year, the price of one ounce of gold was 1,629.15 dollars. From there, the price has gradually increased to 1 thousand 920.29 dollars. That is, in a little more than two months, the price of gold per ounce increased by 291.14 dollars.

 

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