In the wake of the epidemic of coronavirus, the price of gold is skyrocketing in the international market every day. The price of gold has crossed a record ৮ 1,800 per ounce as the price trend continues in the last few days.

Due to the outbreak of coronavirus, a section of investors are buying and hoarding gold for safe investment. For this reason, the price of gold in the international market is increasing by leaps and bounds.

Earlier, in August 2011, the price of gold per ounce in the international market had risen above ৮ 1600. Then, for the first time in almost nine years, the price of gold per ounce exceeded ৮ 1600.

After reviewing the gold price data in the international market, it was seen that the price of gold rose to ৮ 1819 per ounce at one stage of the transaction on Wednesday. At the end of the day, however, it settled at ৯ 1,609.

Although gold prices rose sharply on Wednesday, gold prices declined slightly in early trading on Thursday. The price of gold per ounce decreased by ৪ 45 and stood at ৮ 1608.55.

The price of gold has started rising since the beginning of this year due to the effect of Corona. At the end of last year, the price of gold in the international market was ১৪ 1454 per ounce. It then rose to ড 160 in February amid an outbreak of the coronavirus.

However, in March, the price of gold fell sharply in the international market. With one push, the price dropped to ৬ 1469 per ounce. Although the price fell in March, it did not take long for the price of gold to turn around in the international market.

The price of gold rose to a record ৭ 1,748 per ounce in May. After that there were small ups and downs but now the price of gold is increasing. On June 30, the price of gold per ounce exceeded the record 160. As a result, new records are being set every day

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The price of gold rises every working day of the first three working days of the current week. As a result, the price of gold increased by 1.8 percent during the week and about 26.46 percent during the year.

Meanwhile, in the wake of rising gold prices in the international market, the Bangladesh Jewelers Association (BAJUS), an association of gold traders, announced a price hike in Bangladesh on June 22. Normally, the price of gold is increased by one and a half thousand rupees per fill, but this time the price of gold per fill is increased by 5 thousand 615 rupees. However, after the increase in the price of gold in the domestic market, the price of gold in the international market has risen above ২০ 20 per ounce.

According to the new prices that have come into effect in the country's market since June 23, the price of the best quality or 22 carat gold (11.64 grams) has been increased by Tk 5,615 to Tk 79,006. The price of 21 carat gold has been increased by Tk 4,900 to Tk 8,616 and the price of 18 carat gold has been increased by Tk 1,018 to Tk 58,960. In the traditional way, the price of gold has been increased by Tk 3,618 to Tk 46,748.

Bajus president Enamul Haque Khan and general secretary Dilip Kumar Agarwala were quoted in the notification as saying that the price of gold is currently at an all-time high in the international market due to the prevalence of Covid-19. As a result, the price of gold in the domestic bullion market has increased significantly. Considering the overall situation, according to the decision taken in the tele-conference of the Bajus executive committee, the price of gold in the country's market was re-determined from June 23.