Gold price increases

The Bangladesh Jewellers Association (BAJUS) has raised the gold prices. This adjustment follows a short-lived price cut just two days earlier, when rates were reduced by Tk 3,570.

The price 22-carat gold has been increased by Tk 2,310 per bhori to Tk 171,286.

The new rate is set to take effect from Tuesday.

BAJUS took the decision at a meeting on Monday.

Masudur Rahman, the chairman of the BAJUS Price Determination and Monitoring Committee, issued  a statement  in this regard.

According to BAJUS, the revision was driven by a rise in the local market value of hallmarked pure gold, and the association took into account prevailing market conditions before finalizing the new rates.

As per the latest pricing, 21-carat gold will cost Tk 163,494 per bhori, 18-carat gold Tk 140,143, and traditionally processed gold Tk 115,905.

Despite the ongoing fluctuations in gold, silver prices have remained unchanged in the domestic market, with 22-carat silver still priced at Tk 2,811 per bhori, and other varieties maintaining their previous rates.