The Increase In World Price Of Gold Jewelry

Preparation of gold jewelry and small traders are now always choose to produce as gold jewelry demand for gold plated jewelry, industry people say.
gold jewelry sales have fallen by more than 50 percent in the last three years. Local consumption has fallen to 15 tons per year is 45-50 tonnes five years ago, so the annual sales of jewelry is also impaired.
Continued increase in the international market has an impact on the local market to force consumers to seek alternatives.
People in the industry say the demand for gold increases gradually along with the price as the previous dollar had lost a strong position.
Local policymakers are forced to increase prices because the price of gold jewelry that grow in the international market.
As a sign of rising gold prices in global markets, all member countries of the World Gold Council adjust the price we all have to buy gold from the international market.
We must raise prices to protect local industry. If we do not increase the local price of gold.
Gold prices reached 20 times in the past three years, sales fell more than 50 percent.
Ramadan is usually the worst time for us, because there is no occasion during this period, "he said, adding that small manufacturers all their businesses switched to silver and gold-plated ornaments, as they demand.
Silver price is Tk 760 per bhori bhori Tk 37,200, while gold, a silver jewelry manufacturer in New Market, told FE.
A customer chooses gold ornaments as it looks like real gold jewelry. Besides, he could color any time, he said.
Now the 22-carat gold price was Tk 37,200 a bhori (11.66 grams) in the local market, an increase of TK 25194 in January last year.
Simultaneously, 21-karat gold to sell at Tk 35,575 a bhori, an increase of TK 23,000 and 28,886 18-carat at TK from TK 21,286.
Gold prices rose to new high near $ 1,216 an ounce in global markets amid speculation that it could reach $ 2,000 in the next decade.More informations please click here.