Gold prices fluctuate 62 times in 2024

Bangladesh's gold market has witnessed serious volatility in 2024, with gold prices fluctuating 62 times throughout the year, reports UNB.
Of these fluctuations, the price has increased 35 times and decreased 27 times.
The first price of gold this year was fixed on January 18, with the price of a bhori of 22-carat gold set at Tk 112,441.
As of December 30, the price of a bhori of 22-carat gold was fixed at Tk 138,288. This marks an increase of Tk 25,847 from the price at the start of the year.
The Bangladesh Jewelers' Association (Bajus) is responsible for determining the gold prices in the country.
According to the decision made in a meeting of the Bajus Standing Committee on Pricing and Price Monitoring, the price of the highest quality gold - 22-carat gold - was reduced by Tk 1,050 to Tk 138,288 on December 30.
Besides, the price of 21-carat gold was reduced by Tk 1,004, bringing down the price of each bhori to Tk 132,014.
The price of 18-carat gold was lowered by Tk 863, now priced at Tk 113,141 per bhori.
Traditional gold had also seen a reduction of Tk 735, with a new price of Tk 92,869 per bhori. These are the current prices at which gold is being sold in the country's market.
According to Bajus, the highest price for a 22-carat gold bhori this year was Tk 143,526.
Gold was sold at this price from October 31 to November 3. On the other hand, the lowest price for 22-carat gold in 2024 was Tk 110,691 per bhori, which prevailed from from January 19 to March 6.