The price of gold in the domestic market has fallen by a total of Tk 3,470 per bhori after five consecutive price adjustments. The information was confirmed in a report published by Jugantor on Wednesday (November 14).
Consecutive adjustments
According to the report, the Bangladesh Jewellers Association (BAJUS) has adjusted gold prices repeatedly in recent times based on the international market and local demand. As a result of these five adjustments, the price of high-quality (22-carat) gold has decreased significantly per bhori.Market insiders said the decision was made considering fluctuations in global gold prices and the local supply situation. As a result, buyers are now able to purchase gold at a lower cost than before.
Market impact
Buyers and traders have welcomed the price reduction initiative. According to a source, the presence of buyers in the market has increased somewhat due to the lower prices. However, whether prices will drop further in the future depends on the situation in the international market.No official announcement has yet been made by BAJUS regarding further details or future adjustments.
