Jumbangla Desk: A new history has been created in the price of gold, breaking all previous records in the world market. For the first time in the world market, the price of one ounce of gold exceeded 2 thousand 711.19 dollars. As such, the price of this precious metal can rise and create new records in the country's market at any time.

gold

On Friday (October 18) at 12:00 PM, the price of gold in the spot market was at $2,711.19. The price rose $18.10, or 0.67 percent, per ounce in one day.

The US election, the Federal Reserve's interest rate cut and tensions in the Middle East are now driving gold prices higher in the global market, Reuters reported.

Bangladesh Jewelers Association (BAJUS) determines the price of gold in the country's market. According to the latest price offered by the organization, the best quality or 22 carat gold bar is priced at Tk 1 lakh 37 thousand 453. This is the highest price of gold in the market of the country so far. The price of 21 carat gold is fixed at 1 lakh 31 thousand 197 taka, 18 carat is 1 lakh 12 thousand 453 taka and traditional method is 92 thousand 286 taka.

Bajus Standing Committee on Pricing and Price Monitoring Committee decides to increase or decrease the price of gold on behalf of the organization. A member of this committee said, 'The rate at which the price of gold is increasing in the world market, the price of the country will also need to be increased. There is no alternative.'

He said, 'I decide to increase or decrease the price of gold based on the international market as well as the local market. When the price of matured gold rises in the local market, it is naturally decided to increase the price. Again, when the price of mature gold falls, it is decided to reduce the price. The picture of global market prices affects the price of matured gold.