The price of gold has reached unprecedented heights following a recent interest rate cut by the United States Federal Reserve, prompting crypto analysts to speculate on when Bitcoin might experience a similar surge.

The prices of bullion have hit an all-time high. Gold traded in international market at around $2,587 an ounce on September 20. The surge comes after the US Federal Reserve cut its interest rates for the first time since 2020.

The Bangladesh Jeweler’s Association, BAJUS, has raised the price of 22 carat gold by Tk 3,044 to Tk 1,38,708 per bhori, the highest rise in the country's history till Wednesday (September 25).

Since the Fed slashed benchmark lending rates on Sept. 18, spot gold has risen by around $85 an ounce, or 3.3%.

Gold prices appreciated by Rs 250 to hit a fresh all-time high of Rs 78,700 per 10 grams on Monday on account of consistent buying support from jewellers and firm trends in the overseas markets. The precious metal had settled at Rs 78,

Rising by Rs 250 on brisk buying by jewellers and a positive global trend, gold prices today touched a new all-time high of Rs 78,700 for 10 grams on Monday. The advance came even as the yellow metal had closed on Friday at Rs 78,