Gold Price Drops in World Market, May Impact Bangladesh As Well
On October 30, the price of gold per ounce exceeded 2,777 dollars for the first time in the world market, breaking all previous records and creating history. The gold price has decreased in the world market at this time.
On Sunday (November 3) at 11 o'clock in the spot market, the price of gold per ounce was 2,736.41 dollars.
Gold prices are said to have eased slightly as the impact of the US election and tensions in the Middle East eased somewhat.
Bangladesh Jewelers Association (BAJUS) determines the price of gold in the country's market. Those associated with the organization said that the price of gold has fallen in the world market, which may reduce the price of gold per ounce at any time. If the price falls in the global market, it affects the local market as well. Therefore, the price can be adjusted in the country's market at any time.
According to BAJUS, the last price on October 30, gold of 22 carats was fixed at Tk1,43,526 per bhori, which is the highest in the history of the country. Apart from this, 1,37,005 taka for 21-carat gold, Tk1,17,433 for 18-carat, and Tk96,520 for traditional method gold has been fixed.
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