Check the gold price in Bangladesh today, January 2, 2023. Stay updated for informed investment choices.
Gold prices in Bangladesh have been on the rise for the last few days. The price of gold has been steadily increasing since the beginning of 2023, and is now at an all-time high. As of today, the price of gold in Bangladesh is at an all-time high of BDT 88413.12 per Bhori, or 11.664 grams.
The rising price of gold in Bangladesh is due to a variety of factors. The recent surge in gold prices is largely due to the weakening of the Bangladesh Taka against the US Dollar, which has caused the price of gold to rise. Additionally, speculation about the US Federal Reserve’s decision to cut interest rates has caused investors to seek out safe-haven assets like gold.
Also, the world gold market has decreased. Today January 2, 2023 gold price changed by 1 Ounce= $ 58.66 (1 Ounce = 31.103 grams) and the percentage change was $ +0.29 in the world Gold market. Which is about 1 Ounce = Tk. 6,036.45 in Bangladeshi currency.
The rising gold price has made it a popular investment option for many Bangladeshis. As the current market conditions make it difficult to invest in stocks and other high-risk investments, many investors are turning to gold as a reliable and safe way to store their wealth.
Despite the rising price of gold, it is still an affordable option for many Bangladeshis. Gold jewelry, coins, and bars are all available at reasonable prices, and many Bangladeshis are taking advantage of the opportunity to invest in gold.
The rising gold price in Bangladesh is likely to remain stable for the foreseeable future. As the US Federal Reserve is expected to keep interest rates low, there is likely to be more demand for gold as a safe-haven asset. Additionally, the Bangladesh Taka is likely to remain weak against the US Dollar, which will also contribute to the stability of gold prices.