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Gold Price Soars to Tk 124,501 per Bhori
Staff Correspondent
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2024-08-21, 3:21pm
Gold prices have surged to a record Tk 124,501 per bhori (11.664 grams), with the Bangladesh Jewellers Association (Bajus) implementing the new rate starting today. This marks an increase of Tk 1,516 per bhori from the previous rate, as announced in a Bajus press release.
The decision, made during a meeting of Bajus’s pricing and monitoring committee, reflects rising gold prices in the local market. On August 18, Bajus had previously set the price at Tk 122,985 per bhori, another record high.
Gold prices have been climbing steadily for over a year, driven by international market trends and domestic supply volatility. Despite Bangladesh not importing significant quantities of gold, local prices closely follow global trends. The annual gold demand in Bangladesh ranges between 20 to 40 tonnes.