[ad_1]
This time the padding has been reduced to 1,118 rupees; On November 25, it was reduced to two thousand five hundred rupees.
Jewelry dealers say prices have fallen on the international market since the US vote.
Despite the reduction of Tk 3,500 in two phases, the best quality gold in the country is still above Tk 72,000, which was Tk 56,000 at the beginning of the year.
The Bangladesh Jewelers Association (BAJUS) announced on Tuesday evening a reduction of Tk 1,016 in all types of gold prices.
As of Wednesday, the best quality gold (22 carats) will be sold for Tk 72,006 per gram (11.84 grams).
The 21 karat gold will sell for Rs 69,518. The 18 karat will sell for Rs 70,069.
The traditional gold method will sell for Rs 50,448.
Gold prices have been rising since the start of the coronavirus epidemic. Although it has risen a few times, it has decreased a few times, but in August, the country’s gold price topped Rs 6,000, which is the highest in history.
After the US elections, the gold market was not stable due to uncertainty.
Prices are rising in the volatile gold market
Prices are rising in the volatile gold market
Bajus Secretary General Dilip Kumar Agarwala told bdnews24.com that demand for gold increased during any economic uncertainty or recession. And that’s why investors have been buying gold since the coronavirus epidemic started this year. This led to a record price increase.
“Last August, the price on the international market rose to 2,072.50 pounds an ounce. It was at this time that gold reserves began in Europe and North America. Investors in these countries continue to push for stocks to reach record prices despite the epidemic. In total, the price of gold has increased 21 percent this year.
“The gold market has been volatile since the general election in the United States, the world’s largest economy,” he said. With Joe Biden’s victory, a stable atmosphere has returned throughout. As a result, prices are falling. We are also reducing it by adjusting to that price ”.
Biden’s ‘victory’ has lowered the price of gold
Following the vote in the United States, the price of gold fell to 1,604 pounds on the international market on November 24, the lowest level since July. That price fell below ৮ 1,800 on Tuesday.
Agarwala said that if the international market continues to fall, the price of gold in the local market will also fall further.
Although the price of gold has dropped in the country, there have been no changes in the price of silver. Silver jewelry will be sold at the above price.
Bajus has announced the sale of Hallmark silver (KDM) marked with gold starting on 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 weight sells for 1,225 rupees. And the traditional method of silver jewelry sells for 933 rupees.
[ad_2]
