Gold has remained one of the most valued metals in Bangladesh for centuries and since years is considered to be one out of the few prime investment options. Bangladesh also has a huge market for gold and gold jewellery. People buy gold in the form of trendy jewellery, gold coins or gold bars. It is also consumed in the form of investments and traders interested in commodities trading, often invest in gold bullion.
Gold rate in Bangladesh changes several times a month, with several factors impacting it in a particular place on a given month. This change in gold/silver rates that varies from city to city depends on demand, supply, and local market conditions. Some of the most critical aspects that determine the price of gold in a country are demand & supply, global market conditions and currency fluctuations, with the rates changing every month/day. All the factors that affect gold rates in Bangladesh are briefly explained below.
However, before learning about gold rates in Bangladesh, one should be aware of the fact that the regular gold price is not different than the hallmarked gold price. You will not be charged extra for buying hallmarked gold. The only and most important difference is that you are ensured of purity when you buy gold which is hallmarked by BSTI (Bangladesh Standards and Testing Institution). Hallmarked gold rates in Bangladesh do not differ in their pricing. The difference lies in the quality of the precious metal. So, one should always buy high-quality gold. And to make sure of its quality, it is better to stick to the BSTI hallmarked gold products.
