A few more points are in danger of breaking the gold record

A few more points are in danger of breaking the gold record

Although there is no consumer demand, the price of gold is now the highest in the history of the country. Bangladesh Jewelers Association-Bajus fears a few more price hikes in the buyer-free market in Corona. Economists say institutional investors around the world are buying more gold as consumer prices rise despite falling consumer demand.

Although the practical demand in the volatile market of Corona has decreased, the price of gold has continued to rise. In the last six months, the price of an ounce has gone up by ৬৭ 28, which is 9,340 rupees. Which has affected the country's market. This time it has increased by 9 thousand 528 rupees 4 times. In the last month, the price of 22 carat gold has been increased by Tk 5,615 and is being sold at around Tk 80,000.

Epidemics on the one hand and price increases on the other. Traders are waiting for sale by opening shops in a market without buyers.

Bangladesh Jewelers Association Bajus says that the price has been adjusted with the world market to prevent the smuggling of gold. They fear breaking the record a few more times.

Bajus president Enamul Haque said smugglers would move to neighboring countries if the price of gold fell. We have to do everything to protect the gold of this country.

Economic analysts believe that the rise and fall in the price of this metal will not have much impact on the internal economy of Bangladesh.

According to the World Gold Council, consumer demand for gold in neighboring India fell by 36 per cent in the January-March quarter due to corona panic and lockdown. 159 tons, down from 7.6 billion to 101.9, 5.2 billion.