The price of gold has fallen to a three-month low in the international market but its impact on the local market is yet to be noticed.
The price of gold fluctuated from US$ 1,238.40 to $ 1,250.57 per ounce in the international market until the filing of this report Thursday evening as per angladesh Standard Time.
The gold price fluctuated from $ 1,282.70 to $ 1,274.08 per ounce in the international market on August 24 last when the local jewellers revised the price of the commodity for the domestic market.
"This is the lowest price for the last few months. We will observe the price for the next three to four days. If the price continues its present trend, we will fix a date to meet with the jewellers," Bangladesh Jewellers Samity President Quazi Sirazul Islam told the FE.
"We will sit together and take a decision to revise the gold price for the domestic market," Mr Islam said.
The latest price of per bhori 22-carat gold is fixed at Tk 47,181, while 21-carat at Tk 45,046, 18-carat at Tk 38,456, and the traditional gold at Tk 26,244, according to the BJS.
The price of per bhori 22-carat gold was Tk 48,406, 21-carat Tk 46,248, 18-carat Tk 39,658, and the traditional gold Tk 27,410, rescheduled on June 23 last following price hike in the international market, the BJS data shows.
The Bloomberg reported Thursday that gold fell to a three-month low on signs of calming tensions in Eastern Europe, damping demand for the metal as a haven asset.
Ukrainian President Petro Poroshenko said Russia has withdrawn more than two-thirds of its troops from his country, after a September 5 truce signalled an end to the conflict that has killed at least 3,000 people.
Gold prices went up 3.6 per cent this year.
Domestic buyers yet to benefit from gold price fall in international mkt
Sonia H Moni | Published: September 12, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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