The price of gold rose to 3 thousand 266 rupees, the price of silver also decreased

Today, the price of gold has decreased in the market of the country. Today, the price of gold has decreased by a maximum of 3 thousand 266 rupees. At the same time, the price of silver has decreased today.

The new prices are effective from 10 am today. The notification of Bangladesh Jewelers Association (BAJUS) has informed about the reduction in the price of gold.

Earlier, on October 9, the price of gold was increased by a maximum of 2 thousand 216 taka. Within five days, the price of gold was reduced today. According to Bajus, the price of these two metals has been reduced in the domestic market due to the fall in the prices of acidic gold and silver. Although the main reason is the decrease in the price of gold in the world market.

According to the new price, the price of good quality or 22 carat gold has increased to Tk 2 lakh 28 thousand 31. The price of a 21 carat gold jewelry is 2 lakh 17 thousand 767 taka. The price of 18 carat solid gold is 1 lakh 87 thousand 32 taka. The price of gold per traditional method has been 1 lakh 52 thousand 798 taka.

Before today's price reduction, the price of gold was as follows: A bar of good quality or 22 carat gold cost Tk 2 lakh 31 thousand 297. The price of 21 carat gold jewelry is 2 lakh 20 thousand 916 taka. The price of 18 carat gold is 1 lakh 89 thousand 715 taka. 1 lakh 54 thousand 956 per traditional method.

Meanwhile, the price of silver has also been reduced today. The price of every rupee decreased by a maximum of 116 rupees. The price of a 22 carat silver bar including VAT is 4 thousand 199 taka. The price of 21 carat silver is 3 thousand 966 taka. The price of 18 carat gold is 3 thousand 441 taka. The price of traditional silver has been 2 thousand 624 taka.

Value Added Tax or VAT is added to the price of gold and silver.

World market situation

However, the price of gold in the world market has increased on Tuesday. So far, gold has risen by $32 and silver by 42 cents an ounce. But overall, the price of gold in the world market has decreased by $145 per ounce in the last one month. Basically, the price of gold has been reduced in the country's market as part of the continuous decline in gold prices.

Gold prices generally rise during times of war or uncertainty. But this time after the start of the war between the United States and Israel with Iran, it is seen that the price of gold is decreasing. Interest rates on US dollar-denominated bonds rose during this time. As a result, investors are leaning towards it, which is the main reason for the fall in gold prices in the global market. In the last six months, the price of gold has fallen by 659 dollars.