Gold price can have an impact on the economy of Bangladesh in several ways:

  1. Current Account Deficit: Bangladesh imports a significant amount of gold to meet the domestic demand. A rise in the gold price will lead to an increase in the import bill, which can widen the current account deficit of the country.
  2. Inflation: Gold is considered a hedge against inflation. When the gold price increases, people tend to hold onto it as a store of value. This can lead to an increase in demand for gold, which in turn can push up prices of other goods and services.
  3. Foreign Exchange Reserves: Bangladesh’s central bank holds a significant amount of foreign exchange reserves, which are used to stabilize the value of the local currency. A rise in the gold price can impact the value of the reserves, as a portion of these reserves may be invested in gold.
  4. Investment: Gold is often seen as a safe haven asset during times of economic uncertainty. If the gold price increases, investors may shift their investments towards gold, leading to a decrease in investments in other sectors of the economy.

Overall, the impact of gold price on the economy of Bangladesh depends on various factors such as the level of domestic demand for gold, the level of gold imports, and the overall economic conditions in the country.

How to check Gold Price in Bangaldesh ?

There are several ways to check the current gold price in Bangladesh:

  1. Visit a local jeweler or gold shop: You can visit a local jeweler or gold shop in Bangladesh and inquire about the current gold price. They typically have a price board displaying the current prices of different karats of gold.
  2. Check online: There are several websites that provide real-time gold prices in Bangladesh. Some popular websites include GoldPrice.org, LivePriceofGold.com, and Kitco.com. These websites provide up-to-date gold prices in Bangladeshi taka per gram or per ounce.
  3. Use a mobile app: You can download a mobile app that provides real-time gold prices in Bangladesh. Some popular apps include Gold Price Bangladesh, Gold Price Live, and Gold Rate in Bangladesh.

It’s important to note that gold prices can fluctuate frequently, so it’s a good idea to check the price from multiple sources before making any investment decisions.

Way to check Gold pirce in Bangladesh online

There are several websites where you can check the gold price in Bangladesh online. Here are a few popular ones:

  1. Netresultbd.com : The the Live Gold Price in Bangladesh
  2. GoldPrice.org: This website provides live gold prices in Bangladeshi Taka per gram, per ounce, and per kilogram. You can also view historical gold prices and charts.
  3. LivePriceofGold.com: This website provides real-time gold prices in Bangladesh and other countries. You can choose the weight unit and currency to view the gold price.
  4. Kitco.com: This website provides live gold prices in Bangladeshi Taka and other currencies. You can also view charts and historical prices.
  5. BullionVault.com: This website provides live gold prices in Bangladeshi Taka and other currencies. You can also buy and sell gold online.

To check the gold price on these websites, simply visit the website and look for the current gold price displayed on the homepage. You may need to refresh the page to view the latest price.

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