Big fall in gold prices in the world market

Gold has fallen in the global market. This price decline has been going on for about a month. In this, the price of gold has fallen to the lowest level in the current year. Bangladesh Jewelers Association (BAJUS) is not reducing the price of this precious metal in the country’s market even though there is a big fall in the price of gold in the world market. Bajus officials said that a decision will be taken to re-fix the price of gold in the domestic market after seeing the picture of the global market in a few more days.

According to Bajus, the price of gold in the country’s market is determined based on the price of matured gold in the local market. Although the price of gold in the world market has fallen recently, the price of matured gold has not decreased much in the domestic market.

Moreover, the price of the dollar has also increased slightly against the rupee. Taking into account the overall situation, a decision will be taken to re-determine the price of gold in the country’s market after seeing the picture of the global market for a few more days.

When asked whether the price of gold in the global market will decrease, the chairman of the standing committee for price determination and price monitoring of bajus, MA Hannan Azad said, “We determine the price depending on the price of ripe gold in the local market.” Although the price of gold has decreased in the world market, the price of matured gold has not decreased much in the domestic market. Moreover, the dollar has a higher value. We will see in a few more days. Then I will take a decision regarding the re-fixation of gold prices.

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