Staff Correspondent: One week after losing twice the price in the market, Bangladesh Jewelers Association (bajusa) is going to decide the increase the price of gold. Relevant sources said that a plan has been taken to increase the price of gold in the world market.

According to Bajus sources, in view of the fall in prices in the world market, it was decided to reduce the price of gold in the country's market by Tk 1,017 on December 1, which is effective from December 2. However, the price of gold has been rising in the world market since the reduction of the price of gold in the country's market. Already the price of gold per ounce has risen by about a hundred dollars. For this reason, plans have been made to increase the price of gold in the country's market.

A review of the data shows that the price of gold came later in the fall in late November. As a result, the price of gold was reduced in the country's market from November 25. The price of good quality, i.e. 22 carat per bhari (11.664 grams) gold was reduced by Tk 2,507 to Tk 73,833. 21 carat 70 thousand 74, 684 carat 61 thousand 936 and 51 thousand 613 rupees per ounce of gold.

However, on the day of the announcement of the reduction in the price of gold in the country's market (December 1), there is a hint of a big rise in the world market. The upward trend in prices continued throughout the last week. As a result, the price of gold rose by 2.79 percent to 1,838.95 per ounce in the world market last week.

The trend of rising gold prices is also seen this week. On Monday, the first working day of the week, the price of gold rose by 26 dollar per ounce to 1864. As of the writing of this report, the price of gold has risen to 1866 per ounce in the world market.

Bajus, an association of gold traders, is deciding to increase the price of gold in the country's market in view of the increase in the price in the world market. When contacted, General Secretary Dilip Kumar Agarwala said, "We always try to coordinate with the world market."

For this reason, the price of gold is reduced twice in a week (November 25 and December 2). Now that the price of gold in the world market is on the rise, the price of gold in the country's market can rise at any time.