Gold Price Today in Bangladesh in Bangladeshi Taka (BDT)

How Gold Price is Determined in Bangladesh

The gold price in Bangladesh is influenced by several key factors that determine its market value. One of the primary determinants is the international gold price, which fluctuates based on global supply and demand dynamics, geopolitical tensions, and economic conditions. As gold is traded globally, any changes in the international price will directly affect local prices in Bangladesh.

In addition to international rates, the local currency value plays a crucial role. When the Bangladeshi Taka weakens against the US dollar, the price of gold tends to rise, as it becomes more expensive to import the precious metal. Conversely, a stronger Taka can lead to lower gold prices.

Moreover, the cost of production and import duties on gold also impact local pricing. The government imposes taxes and tariffs that can increase the final price for consumers. Seasonal demands, such as during weddings and festivals, can further influence market prices, as gold tends to become more sought after during these times.

Overall, the interplay of these factors shapes the gold pricing landscape in Bangladesh, affecting both buyers and sellers in the market.

Price of Gold Bullion in Bangladesh in Bangladeshi Taka

• The price of gold bullion 5 grams 24K in Bangladesh: 50,355.01 Bangladeshi Taka
• The price of gold bullion 10 grams 24K in Bangladesh: 100,710.03 Bangladeshi Taka
• The price of gold bullion 20 grams 24K in Bangladesh: 201,420.06 Bangladeshi Taka
• The price of gold bullion 50 grams 24K in Bangladesh: 503,550.14 Bangladeshi Taka
• The price of gold bullion 100 grams 24K in Bangladesh: 1,007,100.28 Bangladeshi Taka
• The price of gold bullion 250 grams 24K in Bangladesh: 2,517,750.71 Bangladeshi Taka
• The price of gold bullion 500 grams 24K in Bangladesh: 5,035,501.41 Bangladeshi Taka
• The price of gold bullion 1000 grams 24K in Bangladesh: 10,071,002.83 Bangladeshi Taka

Predictions for Gold Prices in Bangladesh

The gold market in Bangladesh has shown significant fluctuations over the years, influenced by global economic trends, currency valuation, and local demand. As of now, analysts forecast that gold prices may experience a gradual increase due to rising inflation rates and geopolitical tensions. The global gold price, which often serves as a benchmark, is projected to rise as investors seek safe-haven assets amidst uncertainty in equity markets.

In Bangladesh, local demand for gold, particularly during wedding seasons and festivals, plays a crucial role in shaping prices. Experts suggest that if the current trends of economic instability persist, more individuals may turn to gold as a long-term investment. Additionally, the Bangladeshi taka's performance against the US dollar could further influence the pricing dynamics.

Moreover, supply chain challenges arising from recent global events may lead to higher manufacturing costs for gold jewelry, subsequently driving up retail prices. Thus, consumers and investors are advised to stay informed about both domestic and international market conditions. Overall, while short-term volatility is expected, the long-term outlook for gold prices in Bangladesh remains cautiously optimistic.

Gold price in Bangladesh in November 2024 in Bangladeshi Taka

Gold Making Charges in Bangladesh

In Bangladesh, gold making charges are an important aspect to consider when purchasing gold jewelry. These charges can vary significantly depending on the jeweler, design complexity, and market conditions. Typically, the making charges are expressed as a percentage of the gold price per gram. Currently, these charges range from 8% to 20% of the gram price of gold.

For example, if the price of gold is 7,000 BDT per gram, and the jeweler charges a making fee of 10%, the making charge would be approximately 700 BDT per gram. This means that the total cost of the gold item would be the gold price plus the making charge. It's essential for buyers to be aware of these charges, as they can significantly impact the overall expenditure when purchasing gold jewelry. Many consumers in Bangladesh also negotiate making charges based on the design and weight of the jewelry, which can further influence the final price.

Therefore, when buying gold in Bangladesh, it's advisable to inquire about both the gold price and the associated making charges to ensure transparency and fairness in the transaction.