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Category Archives: Commodity & Money Market

Tea prices rise in BD

businessnews24bd.com Tea prices in Bangladesh rose at the weekly auction on Tuesday, snapping a five-week run of declines, on strong demand for quality leaf amid tight supplies.  Bangladeshi tea fetched an average of 167.83 taka ($2.13) per kg at the auction, compared with 161.04 taka in the previous sale. There was robust demand for quality tea and buyers were ready ... Read More »

Tea prices steady on strong winter demand

businessanews24bd.comTea prices in Bangladesh were almost unchanged at the weekly auction on Tuesday on good demand ahead of the winter season after the rates plunged for a ninth straight session on poor grades.  Bangladesh tea fetched an average of 186.78 taka ($2.50) per kg at the auction, compared with 186.82 taka in the previous sale. There was strong demand as ... Read More »

Gold prices reduced again

businessnews24bd.com Gold prices have been reduced three times during the past few weeks to adjust with the global market.  The latest cut came into effect on Wednesday. The price of 22-carat gold, the most refined quality, was fixed at Tk 44,790 per Bhori, Tk 1,999 less than before. A Bhori of 21-carat gold will now cost Tk 42,691, and 18-carat ... Read More »

Gold bounces off 5-1/2-month low on physical buying

businessnews24bd.com Gold prices rose in Asian trade on Monday, snapping a 3-session losing streak, buoyed by physical buying after the metal slid to a 5-1/2-month low on Friday.  Spot gold was up 0.42 percent at $1,213.31 an ounce by 0655 GMT. In the previous session, the metal fell as much as 1 percent to mark its lowest since May 30 ... Read More »

Dollar hits 7-month high, stocks set for weekly rise

businessnews24bd.com Global stocks were set for their first weekly gain in four weeks on Friday and the dollar rose to its highest since March, as the euro came under pressure after the European Central Bank shot down talk of tapering its easy money stance. The euro hit its lowest since March after the ECB left its ultra-loose policy unchanged on ... Read More »

Global markets: Pound turns around, Samsung sinks

NEW YORK : The British pound reversed its 10-day fall Wednesday on easing worries over a hard Brexit, while Samsung’s shares tumbled again after it slashed its earnings outlook due to the Galaxy Note 7 fiasco. Asian and European markets were broadly lower for the day, but US stocks were steady, taking in stride the release of the minutes of ... Read More »

Gold prices hiked again in a week

Jewellers in Bangladesh have hiked gold prices again in a week, to ‘match global prices.’ Bangladesh Jewellers’ Association on Saturday said the decision to hike gold prices by up to Tk 1,225 per bhori (11.664 gm) would be effective from Sunday, reports bdnews24.com “The global prices are going up daily. Hence, we have revised it,” the association’s General Secretary Enamul ... Read More »

India plans 25 pc tax on sugar export

India plans to introduce a 25 percent tax on sugar exports to maintain local supplies, the government has said, a move that could further push up global prices of the sweetener and boost shipments from Thailand, reports bdnews24.com  Sugar output in India, the world’s no. 2 producer behind Brazil, is expected to decline this year due to a drought in ... Read More »

Gold prices down

businessnews24bd.com Traders have reduced gold prices by Tk 1,225 per bhori (11.664 gram), within a month after they were raised. Bangladesh Jewellers Samity (BAJUS) said the revised rates will be effective from Monday. Gold prices have been fluctuating for about two years. On Oct 17, gold prices were raised in Bangladesh by Tk 1,500 per bhori. “We’ve adjusted the prices ... Read More »

Gold, silver prices down in Bangladesh

businessnews24bd.com Gold prices are down by Tk 1,540 per bhori (11.664 grams) in Bangladesh. Silver will also be cheaper in the country by Tk 58 per bhori. The revised price for gold and silver will be effective from Thursday (July 23), said Khaled Akand, secretary of Bangladesh Jewellers Samity, that represents jewellery business in the country. “We’ve revised the gold ... Read More »