Gold price cut after downtrend in international market

Country's jewellers cutback Sunday the price of different carat gold by Tk 1,225 to 1,166 on a bhori (11.664 gram) in the local market following the downtrend in global market price.

The newly fixed price will come into effect from today (Monday). The new price of per bhori 22-carat gold is Tk 47,181, 21-carat Tk 45,046, 18-carat Tk 38,456, and the traditional gold Tk 26,244, according to the Bangladesh Jewellers Samity (BJS).

On June 23 this year the price of per bhori 22-carat gold was fixed at Tk 48,406, 21-carat Tk 46,248, 18-carat Tk 39,658, and the traditional gold Tk 27,410 following an uptrend in international market, according to BJS data.

The international price of gold fluctuated from $ 1300 to $ 1310 per ounce on June 23 and price in the international market came down to US$ 1282.70 to $ 1274.08 per ounce on Sunday.