FE Report

The domestic market price of gold was revised downward Tuesday following a downtrend in the international market, traders said.

The newly fixed price of different types of gold is: One bhori of 22-carat Tk 58,320, 21-carat Tk 55,754, 18-carat Tk 47,822 and the traditional gold Tk 35,575, according to the Bangladesh Jewellers Samity (BJS).

"The price of gold has been reduced by Tk 875 to Tk 1,166 a bhori (11.664 gram) for different types of gold in the domestic market," Bangladesh Jewellers Samity (BJS) General Secretary Dewan Aminul Islam Shahin said.

"We have re-fixed the price of gold after more than three months. Gold was traded between $ 1653 and $ 1668 per ounce in the international spot market on Monday and we have revised the price based on this price." He said.

On September 21, the prices of gold were: One bhori of 22-carat Tk 59,486, 21-carat Tk 56,807, 18-carat Tk 48,697 and the traditional gold Tk 36,858, according to the BJS.

The price of gold in the international market has been fluctuating for the last two months. Before the US election the gold price fluctuated between $ 1660 and $ 1670 per ounce in the international market.