Gold prices fall further in the global market, how much is it in the country?

Gold prices are falling in the global market.

Gold prices have fallen further in the global market after a new report on the US economy was released. It is unlikely that the Federal Reserve will cut interest rates in the world's largest economy in the near future. At the same time, demand for gold as a safe investment has also decreased as geopolitical tensions have subsided.

At 1:33 PM Bangladesh time on Friday (January 16), the price of gold in the spot market fell by 0.2 percent to $4,604.29 per ounce. And the price of US gold futures for February delivery fell by 0.3 percent to $4,608.90 per ounce.

Capital.com analyst Kyle Rhoda said, "The gold market has seen a downward trend as the possibility of US military intervention in Iran has decreased. Besides, the information coming from the US shows that there is no rush to reduce interest rates.’

Spot silver prices also fell by 1.8 percent. Today (Friday), this precious metal is being traded at $90.66 per ounce. In the spot market, the price of another precious metal, platinum, fell by 2.1 percent to $2,358.95 per ounce.

Meanwhile, the price of 22-carat gold per bhori (11.664 grams) in the domestic market has been fixed at Tk 2,34,680 since Thursday (January 15). In addition, the price of 21-carat gold per bhori has been fixed at Tk 2,24,07, 18-carat gold per bhori at Tk 1,91,989 and traditional gold per bhori at Tk 1,57,231.

Source: Reuters