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Jewelry traders have increased the price of all types of gold by Tk 2,333, which will be effective from Thursday.
As a result, the best quality gold per ounce will be sold at 8,341 Tk in the domestic market.
Dilip Kumar Agarwala, general secretary of the Bangladesh Jewelers Association (BAJUS), has blamed the rise in prices on the international market.
He told bdnews24.com: “The gold market has once again become volatile following the general election in the United States, the world’s largest economy. Everyone is now increasing their gold reserves in light of the election outcome.” .
The US presidential elections will be held the first week of November.
“I think the price of gold will continue to rise until January,” Agarwala said.
Gold prices have been fluctuating on the international market for several days due to the Kovid-19 epidemic. It has increased more than ৩ 53 per ounce (31.10348 grams) in the last three weeks.
The price of gold is two thousand five hundred rupees.
Prices are rising in the volatile gold market
The weight of gold has risen to 63 lakhs.
Gold stores don’t sell now, there’s pressure to buy
On September 24, the price of gold in the country fell by about 2,500 rupees.
Amid the volatile market amid the epidemic, the country’s gold price rose to 8,218 taka. That was the highest price of gold in the market of the country.
Then on August 13, Bajus reduced the price of all types of gold by 3,000 Tk. A week later, on August 21, the filling dropped to Tk 1,457. After that, the price fell on September 24 by increasing it by three points.
The price of an ounce of gold that day was £ 1,757. But in the past three weeks, the price of gold has risen to £ 1912 at 9pm on Thursday.
Agarwala believes that the new coronavirus outbreak in different countries, including Europe, is also the reason for the price increase.
According to Bajus, the best quality gold (22 carats) will be sold at 8,341 Tk per gram (11.84 grams) from Thursday.
The 21 karat gold will sell for Rs 63,759. The 18-carat will sell for Rs 84,444.
The traditional gold method will sell for Rs 54,121.
Until Wednesday, the best quality gold (22 carats) was selling for Tk 84,006 per gram.
The 21-karat gold has been sold for Rs 80,759. 18 carats has been sold for 72,211 rupees.
And the traditional gold method has been sold for 51,006 rupees.
However, despite the increase in the price of gold, the price of silver did not change. Silver jewelry will be sold at the above price.
Bajus has announced the sale of Hallmark Gold (KDM) silver as of September 21.
22-karat silver sells for Rs 1,518 per gram. The 21-karat silver ornaments sell for 1,435 rupees. The 18 karat bhari sells for 1,225 rupees.
And the traditional method of silver jewelry sells for 933 rupees.
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