On the last working day of last week, the price of gold rose by 36 dollars per ounce in the global market. Thus, the price of this expensive metal in the world market continued to rise within a week. Through this, the price of gold increased in the world market for two consecutive weeks.
Although the price of gold has increased in the world market, the price is not being increased in the country’s market. Bangladesh Jewelers Association (BAJUS), which is responsible for determining the price of gold in the country’s market, has decided to review the situation till next Tuesday.
The Standing Committee on Bajus Pricing and Price Monitoring will hold a meeting on Tuesday (March 14) to review gold prices. If the trend of rising prices in the global market continues and the price of matured gold rises in the local market, then the meeting may take a decision to increase the price of gold in the domestic market.
In this regard, the chairman of the standing committee regarding price determination and price monitoring of bajus MA Hannan Azad said, “We have noticed the increase in the price of gold in the world market on the last day of the week. But we decide to increase or decrease the price based on the local market. Although the price has increased in the global market, it has not affected the local market in the same way. So we will see the situation till next Tuesday.
Meanwhile, the price of gold fell continuously for a month before the price increased in the world market. This reduced the price of gold by $135 per ounce within a month. Recently, the price of gold has been reduced twice in the country’s market due to the continuous fall in the global market. However, before that, gold prices increased six times in a row in the country’s market. It broke all the previous records and reached the highest price of gold in the country’s market.
Before the start of last week’s trading, the price of gold per ounce was 1,855.25 dollars. From there, the price of gold dropped to $1,810 per ounce at one point in trading on March 8. In other words, the price of gold per ounce decreased by 45 dollars in three days. After such a big fall comes a big rise again. In the last two working days of the week, gold prices rose by $52 per ounce.
On January 15 of this year, the price of one bar of good quality gold was increased to Tk 93,429. Before this, gold stock in the country’s market has never touched 93 thousand takas. After hitting record prices, gold prices were cut slightly in two rounds in February.
Last on February 26, the price of the best quality or 22-carat gold (11.664 grams) was reduced by 1 thousand 166 takas to 91 thousand 96 takas. Besides, Bajus has reduced the price of 21-carat gold by 1 thousand 50 takas to 87 thousand 13 takas, the price of 18-carat gold has been reduced by 875 takas to 74 thousand 591 takas and the traditional gold price has been reduced by 698 takas to 62 thousand 169 takas. Currently, gold is being sold at this price in the country’s market.
Among them, 36.20 dollars or 1.98 percent increased on the last working day of last week. In this, the price of gold increased by 0.65 percent in a week. While gold prices rose sharply on the last working day of the week, the first three working days witnessed a continuous decline.