Gold prices have risen again in the domestic market after a period of consecutive declines. The Bangladesh Jewellers Association (BAJUS) set a new price on Wednesday (November 11). The increase comes after a major drop in the gold market over the past few days, sparking fresh discussions among traders and consumers.
New BAJUS Price
BAJUS announced the new gold price this morning. The association has set a new rate per bhori, which is slightly higher than yesterday's price. However, sources indicate that the rate of increase is relatively limited compared to the previous decline.Market Impact
The new price took effect at jewellery shops across the capital from this morning. Traders say that despite the price increase, customer interest remains subdued. Efforts are underway to overcome the uncertainty created by the falling gold prices over the past few days.Background
A major drop in international gold prices was observed at the beginning of the week, which subsequently affected the domestic market. However, the new price fixation today has halted that downward trend. Analysts suggest that domestic prices may continue to fluctuate in the coming days depending on the international market situation.According to BAJUS sources, the new price will remain effective until tomorrow, after which it will be reviewed again based on the prevailing market conditions.
