Big jump in gold prices in the world market

Gold prices rose in the international market. Oil prices fell after Tehran reported progress in peace talks with Washington. This has turned the gold market around a bit.

At 12:08 PM Bangladesh time on Monday (June 22), the price of gold in the spot market rose by 0.8 percent to $4,194.99 per ounce. And US gold futures for August delivery fell by 0.8 percent to $4,213.10 per ounce.

Iran's state-run Press TV reported that the first round of talks between high-level US and Iranian officials in Switzerland ended on Monday. A spokesman for the Iranian Foreign Ministry said that significant progress had been made in the talks.

A joint statement by the mediating countries Qatar and Pakistan said that the US and Iran had agreed on a roadmap for a final agreement within 60 days.

"A few hours ago, there was a disagreement between the two sides. But now the situation is very different. Now it seems like they are making some progress," Edward Meyer, an analyst at market analyst firm Merex, told Reuters.

He added, "The market will continue to follow the direction of the geopolitical situation for some time. However, the situation is changing rapidly, so for now it may be wise to monitor the situation from the sidelines."

Among other precious metals, the price of silver rose 2.4 percent to $66.48 per ounce. In addition, the price of platinum rose 0.7 percent to $1,675.91 and the price of palladium rose 1.8 percent to $1,280.45.

Meanwhile, the price of 22-carat gold per bhori (11.664 grams) including VAT in the domestic market is now Tk 2,30,772. In addition, the price of gold per 21-carat bori has been fixed at 220,391 taka, per 18-carat bori at 189,248 taka, and per 154,606 taka of traditional gold.