Gold price jumps nearly 20pc in a month amid global market turbulence - News Summed Up

Gold price jumps nearly 20pc in a month amid global market turbulence


This means each bhori of gold now costs Tk 34,782 more than a month ago.Jewelers say no other commodity has seen such a dramatic rise in price anywhere in the world. This year alone, global gold prices have galloped about 54 percent, compared with 27 percent in 2024.With global inflation cooling, the US Federal Reserve is widely expected to cut interest rates, weakening US dollar. "Calling gold the "second currency" of the world, Masudur explained: "Everyone is buying gold because they believe dollar will fall. If prices keep rising like this, the middle class will simply stop buying gold altogether. "Zahidur Rahman, owner of Grameen Jewelers, added: "People are buying new jewelry but selling less.


Source: bd News24 October 11, 2025 16:09 UTC



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