Bangladesh Jewellers Samity (Bajus) on Wednesday decided to increase prices of all types of gold by up to Tk2,333 per bhori (11.664 grams), effective from Thursday (October 15.)
The hike came less than a month after gold prices were reduced on September 24 last.
According to a Bajus statement issued on the day, there were multiple reasons behind their decision to hike gold prices.
The economic crisis caused by the coronavirus, the Sino-US trade war and the upcoming US election may have led to a weakening of the US dollar, but as the prices increased in domestic and international bullion markets, they had to increase gold prices, the statement added.
Now per bhori of 22-carat gold will be sold at Tk76,341, up from Tk,74,008 which was last set on September 24.
As per the new decision, each bhori of 21-carat gold will now cost Tk73,191, and 18-carat will be sold at Tk64,443 in the local market.
Also, the price of gold acquired in the traditional method will be Tk54,120 per bhori, up from Tk51,788.
The prices of 22-carat, 21-carat and 18-carat silver (cadmium) per bhori, however, remained unchanged at Tk1,516, Tk1,435 and Tk1,225 respectively.
The price of silver acquired in the traditional method was also unchanged at Tk933 per bhori.
