Gold keeps breaking records, hits Tk 2.26 lakh per bhori

The price of gold has reached an all-time high in the country, hitting over Tk 2.26 lakh per bhori (11.664 grammes).

Jewellers have increased the price of the precious yellow metal by around Tk 4,200 to Tk 2,26,282 following a hike in the pure gold price in the local market.

The Standing Committee on Pricing and Price Monitoring of the Bangladesh Jeweller’s Association (BAJUS) made the decision at a meeting held on Tuesday.

This fresh hike comes just a day after gold reached a record price of Tk 2,22,082 per bhori.

As per the new decision, the price of 22-carat gold will now be Tk 19,400 per gramme, and 21-carat Tk 18,520 per gramme, read a press release signed by the standing committee chairman, Dewan Aminul Islam Shahin.

The price of 18-carat gold has been fixed at Tk 15,875 a gramme, while that of traditional gold at Tk 13,230 per gramme.

New tariffs would come into effect on Wednesday, read the release.

Meanwhile, prices of silver have also increased.

The price of 22-carat silver is now Tk 440 per gramme, 21-carat Tk 420, 18-carat Tk 360, and traditional one is Tk 270 per gramme.

Buyers will also have to pay an additional 5% VAT set by the government, along with a minimum 6% making charge fixed by BAJUS. The making charge may vary depending on design and quality, the release added.