Gold prices hit fresh record in Bangladesh within 24 hours

Gold ornaments

Dhaka, Dec 23 - Gold prices in Bangladesh have surged again within 24 hours, setting a new all-time high as the Bangladesh Jewellers Association (BAJUS) on Monday raised the price of 22-carat gold by Tk 3,966 per bhori.

With the latest adjustment, the price of 22-carat gold has been fixed at Tk 222,083 per bhori (11.664 grams), the highest ever in the country’s history.

In a notification issued on Monday night, BAJUS said the price of pure gold (tejbai) has increased in the local market.

Considering the overall situation, the association decided to revise gold prices, which will come into effect from Tuesday morning.

According to the new rates, 21-carat gold will cost Tk 211,993 per bhori, 18-carat gold Tk 181,725 per bhori, while gold under the traditional method has been priced at Tk 151,399 per bhori.

In addition to the selling price, buyers will have to pay a mandatory 5 percent VAT set by the government and a minimum 6 percent making charge fixed by BAJUS.

However, the making charge may vary depending on the design and quality of the jewellery, the association said.

BAJUS last revised gold prices on Sunday, when it raised the price of 22-carat gold by Tk 1,050 per bhori to Tk 218,117 — then the highest price ever recorded in the country.

So far this year, gold prices have been adjusted 88 times in the domestic market, with prices increased on 61 occasions and reduced 27 times.

Silver prices have also been increased this time. The price of 22-carat silver has been raised by Tk 385 to Tk 4,957 per bhori.

Under the new rates, 21-carat silver will cost Tk 4,724 per bhori, 18-carat silver Tk 4,082 per bhori, and silver under the traditional method Tk 3,033 per bhori. - UNB