The price of gold has decreased in the domestic market. The new rate became effective from Wednesday (November 13), according to relevant sources. A bhari (11.664 grams) of standard quality gold is now being sold at Tk 2.19 lakh, down from the previous rate.

Market Overview

The Bangladesh Jewellers Association (BAJUS) determines gold prices in the country, based on international market trends and local demand. The recent fluctuations in global gold prices have had a direct impact on the domestic market.

Stock Market Activity

On the same day, turnover on the country's stock exchanges saw a significant rise. According to sources, trading volume increased by 26 percent. However, market capitalization declined slightly during the same period. Market analysts noted that while turnover increased, it did not fully reflect investor confidence.

Context

The reduction in gold prices has brought some relief to regular buyers. However, traders have indicated that volatility in the international market could continue to affect local prices. The mixed signals from the stock market, with higher turnover but lower capitalization, have drawn varied reactions from investors.