The Bangladesh Jewellers Association (Bajus) has increased gold prices in the local market, raising the price of 22-carat gold to Tk270,429 per bhori. The price has gone up by Tk2,216 per bhori in a single day.
Prices of other categories of gold have also increased. The price of 21-carat gold has risen by Tk2,100 per bhori, while 18-carat gold has increased by Tk1,808, and traditional-method gold by Tk1,098 per bhori.
Bajus announced the price hike in a press release on Wednesday morning, citing a rise in refined gold and silver prices in the international market as the reason for the adjustment.
According to the release, the decision was taken at an emergency meeting of the Standing Committee on Pricing and Price Monitoring held at 9:30am, and the new prices took effect from 10am.
Under the revised rates, 21-carat gold will be sold at Tk258,124 per bhori, while 18-carat gold will cost Tk221,266 per bhori. The price of traditional-method gold has been set at Tk180,617 per bhori.
Alongside gold, silver prices have also been increased. Under the new rates, 22-carat silver will be sold at Tk6,706 per bhori, up from Tk6,531 the previous day—an increase of Tk175 per bhori.
The price of 21-carat silver has been set at Tk6,415 per bhori, 18-carat silver at Tk5,482, and traditional-method silver at Tk4,082 per bhori.
Bajus said the new prices will remain effective at all jewellery establishments across the country until further notice. Buyers will also have to pay the government-set 5% VAT, which jewellers are required to deposit into the state treasury.
