FE Report
The gold price in the local market rose further Wednesday due to price hike of the precious metal in the international markets.
The local market operators attributed the price hike of gold to world's volatile political situation, higher cost of gold extraction and a buying spree by Chinese and Japanese consumers.
On Wednesday, the price of 18-carrat gold was fixed at Tk 19712.16 per bhori against Tk 19245.6 per bhori.
The price of 21-carrat gold has been set at Tk 22114.994 per bhori against its previous rate at Tk 21636.72 per bhori.
The leaders of the Bangladesh Jewellers Association (BJA) said the price of 22-carat gold was fixed at Tk 23164.704 per bhori against its previous rate at Tk 22686.48 per bhori while the price of local alloy gold (Sanatan) was set at Tk 18172.512 per bhori against its previous rate at Tk 17997.552 per bhori.
President of the BJA Wadud Khan said the new rates of gold have been revised on the price chart of the item on October 25 last.
"The volatile political situation of the world has affected the gold market significantly," Wadud Khan said.
Further hike in gold price
FE Team | Published: November 08, 2007 00:00:00 | Updated: February 01, 2018 00:00:00
Share if you like