Gold prices hit record high in local market
The price of gold in the local market has once again increased. The price of the highest quality gold—22-carat—has been raised by Tk 2,403 per bhori (11.664 grams), setting a new record at Tk 1,59,027. This marks the highest price for gold ever recorded in the country.
The Bangladesh Jewellers’ Association (BAJUS) stated that the price hike is due to a rise in the cost of acid gold (refined gold) in the local market. The new prices will take effect from Friday, April 11.
Previously, the highest price for one bhori of 22-carat gold was Tk 1,57,872, which was in effect from March 29 to April 8. On April 9, the price was slightly reduced, but within just two days, it has been increased again, breaking all previous records.
The decision to raise the price was taken at a meeting of the BAJUS Standing Committee on Pricing and Price Monitoring held on Thursday, April 10. The updated pricing was announced in a statement signed by the committee chairman, Masudur Rahman.
According to the new price list:
22-carat gold has increased by Tk 2,403, now priced at Tk 1,59,027 per bhori
21-carat gold has gone up by Tk 2,298, now priced at Tk 1,51,795 per bhori
18-carat gold has increased by Tk 1,971, now priced at Tk 1,30,112 per bhori
Traditional method gold has risen by Tk 1,680, now priced at Tk 1,07,344 per bhori
Earlier, on April 8, gold prices were reduced as follows:
22-carat gold dropped by Tk 1,248 to Tk 1,56,624
21-carat gold fell by Tk 1,202 to Tk 1,49,497
18-carat gold declined by Tk 1,026 to Tk 1,28,141
Traditional method gold decreased by Tk 875 to Tk 1,05,664
These rates remained in effect until Thursday.
Despite the hike in gold prices, the price of silver has remained unchanged. The current silver prices are:
22-carat silver: Tk 2,578 per bhori
21-carat silver: Tk 2,449 per bhori
18-carat silver: Tk 2,111 per bhori
Traditional method silver: Tk 1,586 per bhori
