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Gold prices have risen again on the world market amid the heat of the US elections. In the last week, the price of gold on the world market has increased by around 4 percent. The price of gold per ounce has exceeded ৫ 1950.
The price of gold will also increase in the country market this week due to the increase in the price in the world market. Dilip Kumar Agarwala, General Secretary of the Bangladesh Jewelers Association (BAJUS), confirmed this to Jago News.
A review of the data shows that at the beginning of last week, the world market price of gold per ounce was ৮৭৮ 18. At the end of the week, the price of gold per ounce rose to £ 1951.80. As a result, the price of gold per ounce has risen 63 British pounds or 3.93 percent over the week.
Through this, the price of gold has risen to the highest level on the world market in two months. Gold prices rose nearly 4 percent in the first week since July.
Dilip Kumar Agarwala, Bajus secretary general, told Jago News that there is a kind of tension and uncertainty about the US elections. The dollar has fallen. Because of this, there has been a sudden rise in the price of gold. This is the main reason for the increase in gold prices on the world market in the current situation.
He said that the price of gold in the country market will also increase due to the increase in the price of gold in the world market. The decision to increase the price of gold will be made in a day or two. The price of gold can be increased by two thousand five hundred rupees for each new fill.
Meanwhile, along with the big rise in the price of gold, there has also been a big rise in the price of silver on the world market. In the last week, the price of silver has risen 6.8 percent to $ 25.53 an ounce. This is the first time since last August that the price of silver has risen more than 6 percent.
A review of the data shows that the price of gold on the world market has skyrocketed since the beginning of this year due to the coronavirus epidemic. The price of gold rose to a record 2,084 pounds per ounce in early August.
The price of gold increased in the country’s market on August 6 due to the abnormal rise in the world market. The price of good quality gold, that is, 22 carats per gram (11.64 grams) was set at a record price of 8,218 Tk. Furthermore, 21 karat gold was set at Tk 84,006, 18 karat gold at Tk 85,316 and heavy gold at Tk 54,996 according to the traditional method.
The price of gold, which has been falling since August 6, fell sharply on August 11. In one day, the price of gold per ounce falls to ১১ 112. Even then the downward trend in gold prices continues. At the end of September the price of gold per ounce approached £ 16 hundred.
As the price of gold fell on the world market, the price of gold also fell on the country’s market on September 25. At that time, the price of good quality 22 karat (11.64 grams) gold was reduced by Tk 2,449 to Tk 74,006. Furthermore, the weight of 21 karat gold was set at Tk 80,859, 18 karat gold at Tk 72,111 and gold using the traditional method was set at Tk 51,006.
The second phase of the crown began in Europe when gold prices fell on the world market. This caused a rise in the price of gold on the world market. The price of gold, which fell below শ 1900, crossed again শ 1900.
The price of gold also increased in the country’s market as of October 15 due to the increase in the price on the world market. At this point, the price of the good quality, that is, 22 carats in weight (11.64 grams) of gold increased by Tk 2,333 to Tk 8,341. The price of 21 karat gold was set at Tk 83,192, 18 karat gold at Tk 64,444 and heavy gold at Tk 54,121 according to the traditional method. Currently, gold is sold at this price.
MAS / ARA / MKH
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