Gold Price in Bangladesh
Gold is one of the most valuable commodities in Bangladesh and has been a popular investment option for many years. The price of gold is determined by several factors, including supply and demand, geopolitical events, and global economic conditions. In this article, we'll take a closer look at the current gold price in Bangladesh and what influences it.
The current gold price in Bangladesh is influenced by several factors, including supply and demand, geopolitical events, and global economic conditions. The demand for gold in Bangladesh is driven by a combination of cultural and economic factors. Bangladesh has a rich history of gold jewelry making, and gold has long been considered a symbol of wealth and status.
Gold Price in Bangladesh Today
| Quantity | 24K Gold Rate | 22K Gold Rate | 21K Gold Rate | 18K Gold Rate |
| 1 Gram | BDT 4,866.85 | BDT 4,461.30 | BDT 4,258.50 | BDT 3,650.10 |
| 1 Tola | BDT 56,765.93 | BDT 52,035.73 | BDT 49,670.31 | BDT 42,574.05 |
| 10 Grams | BDT 48,668.45 | BDT 44,613.00 | BDT 42,585.00 | BDT 36,501.00 |
| 1 Sovereign | BDT 38,934.76 | BDT 35,690.40 | BDT 34,068.00 | BDT 29,200.80 |
| 10 Tolas | BDT 567,659.30 | BDT 520,357.28 | BDT 496,703.08 | BDT 425,740.50 |
| 1 Ounce | BDT 151,375.81 | BDT 138,761.94 | BDT 132,454.16 | BDT 113,530.80 |
| 1 Kilogram | BDT 4,866,845.43 | BDT 4,461,300.00 | BDT 4,258,500.00 |
BDT 3,650,100.00
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Q: What determines the price of gold in Bangladesh?
A: The price of gold in Bangladesh is influenced by several factors, including supply and demand, geopolitical events, and global economic conditions. Additionally, the exchange rate between the Bangladeshi Taka and the US dollar also impacts the price of gold, as gold is priced in US dollars.
Q: How can I invest in gold in Bangladesh?
A: There are several ways to invest in gold in Bangladesh, including buying physical gold, investing in gold ETFs, and purchasing gold futures contracts. Each option has its own pros and cons, and it is important to carefully consider your goals and risk tolerance before making a decision.
Q: Is gold a good investment in Bangladesh?
A: Gold has long been considered a safe haven asset and is widely regarded as a good investment in Bangladesh due to its historical and cultural significance. However, like all investments, the value of gold can fluctuate, and it is important to carefully consider your investment goals and risk tolerance before making a decision.
Q: How does the exchange rate impact the price of gold in Bangladesh?
A: The exchange rate between the Bangladeshi Taka and the US dollar impacts the price of gold in Bangladesh, as gold is priced in US dollars. A weaker Taka will result in a higher price for gold in Bangladesh, while a stronger Taka will lower the price.
Q: How has the gold price in Bangladesh been affected by recent geopolitical events?
A: Geopolitical events can have a significant impact on the price of gold in Bangladesh. For example, tensions between nations can lead to increased demand for gold as investors seek a safe haven for their money, while stability and peace can lower demand and result in a decrease in the price. It is important to keep an eye on geopolitical events and how they may impact the price of gold.
Q: Is it better to buy physical gold or invest in gold ETFs in Bangladesh?
A: Whether you choose to buy physical gold or invest in gold ETFs in Bangladesh depends on your investment goals and risk tolerance. Physical gold offers the advantage of tangibility, while gold ETFs provide greater liquidity and are easier to trade. It is important to carefully consider your options and seek professional advice if necessary.