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The price of gold is increasing by leaps and bounds in the international market. The safe haven metal is building one record after another. On the last working day of the recently concluded week (Saturday, March 30), the price of gold settled at $2,32 per ounce. It has broken all previous records. A new history has been created.
According to reports by GoldPrice.com and CNBC, the global benchmark gold price settled at $2,032 per ounce on the spot market on the business day in question. Now that's an all-time high. Earlier (Thursday, March 28) it was $2225. The precious metal set a new precedent that day too. Earlier it was 2220 dollars. That too was a record. That is, recently the price of the important metal is increasing almost every day.
Every now and then it is rising to a level that the world has never seen before. Not only on Saturday, but throughout March, the price of gold is increasing rapidly in the world market. In the last 8 days, the price of the precious metal per ounce has risen to 67 dollars. In Bangladeshi currency which is about 7343 taka. On March 22, the shiny metal was priced at $2165 an ounce.
Although the world market has increased throughout the week, the price of gold has not been increased in the country's market. However, Bangladesh Jewelers Association (BAJUS) sources said that if the global market price continues to rise, the demand in the local market increases and the price of acidic gold increases, the rate may be increased again. For this reason, the local market will be monitored for the next few days. However, if it is increased again, a new history will be created in the gold price in the Bangladesh market. However, the safe-haven metal is currently selling at record prices.
The last price of gold in the market of the country was fixed on March 21. In this phase, the price of the metal was increased by 2916 taka. The price of the best quality (22 carat) is 1 lakh 14 thousand 74 taka. Which is the highest in the history of the country. Before that it was 1 lakh 11 thousand 158 taka. That too was a new paradigm.
According to international analysts, the price of gold per ounce may be 2300 dollars this year. In this context, Bajus Standing Committee on Pricing and Price Monitoring Chairman Masudur Rahman said, the record we have seen from the World Gold Council, the price per ounce may become 2300 dollars this year. Geopolitical tensions are rife across the globe. Inflation is on the rise. Compared to that, the US dollar is worth less. As a result, traders are inclined to invest in gold. In addition, many countries in the free market economy are now buying gold as a reserve, excluding the dollar. As a result, the price of the precious metal is increasing.
Bangladesh /FM
