Gold is a very precious metal, which is the fundamental part of various enterprises. Gold prices may be the first part of the day to be important for investors, as they want to see gold price stability for several reasons.
22 carat gold price
Gold price refers to the current market price. The purchase price of gold in the market which varies in the local and international markets. Gold prices are generally determined based on supply and demand. Other factors in the economy such as currency values, political stability, economic conditions and investor sentiment affect gold prices.
October 14, 2024 Bangladesh Gold price stable today. Not knowing the price of gold in Bangladesh and India today.
Today's gold price
Today's gold prices in Bangladesh are:
22 carat hallmark gold: Tk 11,784 per gram
21 carat hallmark gold: Tk 11,248 per gram
18 carat hallmark gold: Tk 9,641 per gram
Traditional gold: Tk 7,912 per gram
Fluctuations in gold prices depend on the international market, supply and demand balance, and local economic conditions. Advice for buyers is to take investment decisions keeping in mind the market conditions. Visit Bangladesh Jewelers Association (BAJUS) for details.
In India, 24 carat gold is priced at Rs 7,762 per gram and 22 carat gold is priced at Rs 7,115 per gram. Over the past few days, the price of 24 carat gold fluctuated between Rs 6,872 and Rs 7,750.
Source: GoodReturns (for India) (GoldPriceIndia.com) (Goodreturns)
Reasons for rise in gold prices:
Currency devaluation: Depreciation of currency can increase the price of gold.
Investment demand: Investors consider gold as a safe haven when there is economic or political uncertainty.
Supply Constraints: Gold prices may increase if the supply of gold decreases due to constraints in mining operations.
Reasons for fall in gold prices:
Currency appreciation: If the value of the currency increases, the price of gold may fall.
Excess supply in the market: More quantity of gold in the market can cause the price to fall.
Alternative Investments: The price of gold may fall when the demand for the stock market or any other profitable investment vehicle increases.
What buyers should do:
Market monitoring: Monitor gold prices regularly and take buying and selling decisions based on market conditions.
Long-term investment: Long-term investment in gold is generally profitable as the value of gold tends to increase over time.
Planned buying: It can be profitable to buy gold at regular intervals or when the price falls.
Analyze: Take investment decisions based on the advice of various analysts and financial experts.
Consult reliable financial news websites and analysts for details and updates on gold prices.
