A big rise in the price of gold in the world market


After a slight decrease, the price of gold in the world market is seen to rise again. Last week there was a big rise in the price of gold in the international market. The price of gold rose above 64 dollars per ounce in one week. Among them, the last working day of the week, Friday, increased by 34 dollars.

Before this price increase, gold prices fell in the global market. In view of which the price of gold has been reduced in the country’s market. After the recent reduction in the price of gold in the domestic market, the price of gold per ounce in the international market has already increased by almost 100 dollars. As a result, the price of gold can increase at any moment in the country’s market.

In this regard, a member of Bajus said that the rate at which gold prices have increased in the world market, it is necessary to adjust the price of gold in the domestic market. Naturally, the price of gold is likely to rise. Bajus Standing Committee on Pricing and Price Monitoring Committee will meet and decide on this.

Meanwhile, the price of gold per ounce in the world market went below 2 thousand 300 dollars before last week. In view of which the price of gold was reduced in the country’s market on June 30. According to the Bajus decision, the price of the best quality or 22 carat gold bar has been reduced from Tk 1,733 to Tk 1,17,288.

Besides, the price of 21 carat gold has been reduced by Tk 1,27 to Tk 111,951, the price of 18 carat gold has been reduced by Tk 875 to Tk 95,960 and the price of traditional gold has been reduced by Tk 773 to Tk 79,339. Currently gold is being sold at this price in the country.

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After reducing the price of gold in the domestic market, the price of gold per ounce was at 2 thousand 324 dollars at the beginning of trading in the world market last week. On the second working day of the week, July 2, the prices remained almost at the same place.

However, on the third working day from July 3, gold prices continued to rise. The price increased gradually and settled at 2 thousand 390.77 decimal dollars in the week. In this, the price of gold increased by 64.43 dollars during the week. Among them, Friday, the last working day of the week, increased by 34 dollars or 1.44 percent.

Apart from gold, silver prices also rose in the global market last week. During the week, the price of silver rose by 7.14 percent to 31.21 dollars per ounce. Among them, the last working day of the week increased by 2.79 percent or 84 dollars.

MAS/JH/MS