This time there is a big fall in the gold market

News Desk: Gold prices have fallen sharply in the world market last week. The price of gold has gone to the lowest level in seven months. Along with gold, crude oil prices have also declined over the past week. Silver is also on the list of bids. In the last week, the price of gold has decreased by 2.14 percent. The price of silver has decreased by 30 percent.

On the other hand, the price of refined oil has decreased by 0.6 percent. However, the price of Brent crude oil has risen by 0.36 percent in a week. Gold prices have been falling in the world market for several weeks now as the outbreak of the coronavirus epidemic has come down. The Bangladesh Jewelers' Association (BAJUS) has reduced the price of gold in the country's market since January 13 as the price of gold in the world market is declining.

According to the decision of the meeting of the executive committee of Bajus held on January 12, the price of good quality, i.e. 22-carat per vori (11.64 grams) gold has been reduced by Tk 1,973 to Tk 72,006 from January 13. Besides, 21-carat gold is being sold at Tk 79,518, 18 carat gold at Tk 80,069 and traditional gold is being sold at Tk 50,446. Although the price of gold has come down, the pre-determined price of silver has remained the same.

According to the category, 22 carats of silver are being sold at 1,518 rupees. The price of 21-carat silver is 1,435 Taka, 18-carat silver is 1,225 Taka and the price of traditional method silver is 933 rupees. After reducing the price of gold in Bangladesh, the price in the world market has decreased several times. Gold prices fell 2.14 percent during the week, despite rising 8.90 an ounce on the last working day of last week.

The price of gold per ounce fell to 174.39 dollars. Through this, the price of gold has decreased by 4.62 percent in a month. On the other hand, despite an increase of 93 percent in the last working day of the week, the price of silver in the world market has decreased by 30 percent during the week. The price of silver per ounce stands at 26.28 dollars. Meanwhile, with the fall in gold and silver prices, oil prices also showed a negative trend last week.

On the last working day of the week, the price of crude oil per barrel decreased by 1.51 dollars and stood at 58.95 dollars. As a result of this fall, the price of crude oil has come down by 8% in a week. Along with crude oil, Brent crude oil fell on the last working day of the week. The price of Brent crude oil per barrel fell by 1.27 to 72.6. Brent crude has risen in the last week, but prices have risen in the last week. Brent crude oil prices rose 37 percent in the week. And it has increased by 11.63 percent in a month. Through this, the price of Brent crude oil is at the highest position in 13 months.