The price of gold has dropped again in the local market, with one bhari (11.664 grams) of pure gold now selling at Tk 2.19 lakh. The price has been reduced by Tk 2,217 per bhari, according to a New Age report.
New Rate
The new rate came into effect on Thursday (14 November), according to sources. Previously, one bhari of pure gold was priced at Tk 2,21,217. With the latest adjustment, the price now stands at Tk 2,19,000 per bhari.Market Impact
The price reduction has brought some relief to regular buyers. However, traders noted that gold prices in the local market fluctuate depending on international market trends and foreign exchange rates. The recent decline in international gold prices has influenced the local market.Consecutive Decline
It is worth noting that gold prices have been on a downward trend in the local market for the past several weeks. A reduction was also announced last week. Market analysts view this consecutive decline as a positive development.The Bangladesh Jewellers' Association (BAJUS) typically sets gold prices in the local market on a daily basis. However, no official statement has been issued by BAJUS regarding this latest adjustment.
