United News of Bangladesh

The price of gold in Bangladesh has once again surged to a record high, just two days after the last adjustment. The price of 22-carat gold has increased by Tk 1,470 per bhori, reaching Tk 154,945—marking the highest rate in the country’s history. The Bangladesh Jewellers Association (Bajus) announced the price hike in a notice on Tuesday evening, stating that the new rates will take effect from Wednesday in the local market. Bajus explained that the decision to raise prices was due to an increase in the price of raw gold in the local market. Gold price increases by Tk 2,613 per bhori in Bangladesh Considering the overall situation, the association has set new rates accordingly. Under the revised pricing, the cost of gold per bhori has been set as follows: 22-carat: Tk 154,94521-carat: Tk 147,90018-carat: Tk 126,776Traditional method: Tk 104,498Bajus also specified that a 5% government-mandated VAT, along with a minimum making charge of 6% as set by the association, must be added to the selling price. But, the making charges may vary depending on the jewellery’s design and quality. Gold prices come down slightly in domestic market The last adjustment in gold prices took place on March 16, when Bajus increased the price of 22-carat gold by Tk 2,613 per bhori, setting it at Tk 153,475. So far this year, gold prices in Bangladesh have been adjusted 15 times, with prices increasing 11 times and decreasing only 4 times.

Bangladesh Jewellers Association (Bajus), a trade body, has notified an increase in the gold price by Tk 4,199 per bhori with effect from Sunday. With the latest price, 22-carat gold will be sold at Tk82,464 per bhori, 21-carat gold at Tk 78,732 per bhori and 18-karat gold at Tk 67,534. According to a press release, the price of gold has increased both in the international market and local market due to the appreciation of the dollar and some other currencies. Read BYLC Ventures: Cohort 4 winners announced The price of traditional gold has been set at Tk 56,220 per bhori from Tk 53,362 per bhori, added the release. Till Saturday, the price of 22-carat gold was Tk78,265 per bhori. The price of 21-carat gold was Tk74,707 per bhori while 18-carat gold was available at Tk64,035. Earlier on May 17, Bajus raised the price of gold by Tk1,750 a bhori to Tk 78,265 in local markets. Also read: 1 held with 124 gold bars worth Tk 10 cr in Jashore