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Gold Price Rises by Tk1,167 per Bhori: Latest Update and Analysis

Luke Meyer by Luke Meyer
December 18, 2023
in News
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Gold Price Rises by Tk1,167 per Bhori: Latest Update and Analysis

Gold prices in Bangladesh have seen a surge once again, just a week after a slight drop. The price of 22-carat gold is set to cost Tk109,292 per bhori, marking an increase of Tk1,167 per bhori. This rise comes following an increase in the local bullion market, according to the Bangladesh Jewellers Samity (BAJUS).

The new prices, which go into effect from Tuesday, will also see the price of 21-carat gold hike to Tk8,945 per gram, while the price of 18-carat gold has jumped to Tk7,665 per gram, and the traditional gold price has increased to Tk6,390 per gram.

It is significant to note that this increase follows a previous record-high price of Tk1,09,875 per bhori on November 29, making it the highest in the history of Bangladesh.

Additional Insight: The fluctuation in gold prices has been attributed to a variety of factors, including global economic conditions, exchange rates, and geopolitical tensions. Given its symbolic and economic significance, gold prices continue to be closely monitored and analyzed by investors and financial experts. This recent surge in gold prices in Bangladesh reflects broader trends in the global economy and could indicate concerns about inflation and economic stability.

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Luke Meyer

Luke Meyer

Luke Meyer stands as a distinguished expert in gold investing, committed to delivering top-tier information on gold prices to investors. With a rich background in the financial sector, Luke possesses a profound grasp of the gold market dynamics. His expertise isn't limited to market analysis; it also encompasses understanding economic trends and their influence on gold prices. At GoldPrices.org, he aims to offer precise and current insights, guiding investors to make informed choices. Luke's clear, engaging writing and rigorous research make him an authoritative source for anyone keen on understanding gold investing.

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